Whoever is doing the buying is very clever. Their bids are not on the screen, but merely snapping up what is offered on the sell side. Yesterday they snapped up the 39 cent line, gave it time to refresh then when exhausted moved to 39.5 then 40c being careful to have the price finish at 39c.
Looks like the same pattern today - might have exhausted the 40c sell side already. I assume the other buys on the screen are hoping someone will sell down to their price - not looking likely, at least not until these buyers have their fill. Unfortunately I suspect the sell side is from the weak hands who bought at 38c in the cap raise.
RGI Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
