Hi T,
You may have a suggestion or thought on who this could be if not a hedge fund?
Remember the purchase of 28 shares yesterday, and on many other days there will be the purchase of only one share or small parcels that are less than cost of transaction.
Further, when you’re buying shares, can you explain the automatic changes in purchase or sell orders when we attempt to buy. Not to mention the slight automatic increase in price that makes us buy the shares above the original price set, if we attempt to buy their shares. Remember with this also that individuals have one set of rules called ‘orderly market’ while the banks (hedge funds) have their own rules with this regard.
This is all points to a hedge fund or otherwise some very sophisticated computer programming by an individual to make at times $100, and at other times to lose money given the volume of trades. I very much doubt an individual does this too lose money or trade the spread of RES
Any consideration would be that about 5 different banks hold about 3 Million shares plus of this stock. Refer to the top 20 RES shareholders to see this, further, I would argue it is these groups (banks or hedge funds), as it seems strange that year on year their volume of shares held in RES slightly change. This obviously means they are buying and selling.
Dont forget the instant and and automatic transactions that also take place, this could be up to 15 sales at one point in time. I’m certain my Commsec trading account doesn’t allow for that complexity.
Many of the guys on this site follow RES very closely. If you look closely, you will find that the banks(hedge funds or like) buy and sell the spread for profit. They manipulate the market for their profitability.
This weeks trend is to downramp by the hedge funds as their was a lot of sales mid to top of 8c over the last 7 days or so. Watch the action.
So with all this said, maybe you are suggesting RES is the top end of the market, as hedge funds only buy the top end. I know with 99.99% certainty it is a hedge fund or bank that continues to manipulate most of the buy/sells with this stock.
