AEJ 0.00% $8.00 redbank energy limited

"So why is this stock continuing to rise?"I could say something...

  1. 7,263 Posts.
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    "So why is this stock continuing to rise?"

    I could say something droll like "there are more buyers that sellers" but I don't think that is true.

    There are over 17,000 Redbank shareholders out there with an average of 14 shares each and they appear to be chrystalising their tax loses on Alinta, one at a time!

    This is enough to test the nerves of even the most patient accumulator. Unfortunately the rising price is not likely to draw more sellers unless some of the buyers from around $4.00 decide to take the money and run.

    Cheers
 
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