I strongly feel this stock will be exploded again this coming week with a deafening roar. A fresh investment fund is going to continuously flow into this stock while a wide range of institutions and big mining investors will try to establish their positions. I don't think pump & dump theory does fit this case seeing the stocks of the majority of players at ROF reached record volumes in the last week. It is simply too much volume to support pump & dump scenario by a few manipulators. At initial run-up, it weeds out some profit takers to set the current base even stronger.
Last Friday, sp was down by 15 cents mainly due to sellling by Anonymous ( 1.4 million out of 12 million), but the total no. of shares bought/sold by house 1 in 3 -day period was pretty much balanced.
We will have a better understanding of the cause of the latest rally as some of information will may be explosed to the shareholders. It could be something to do with the assay results on hole 49, or visuals on hole 50 or a new finding by the third drill.
Here is the position of broker 1 Anonymous for :NOT for 7/15/ 2009 to 7/ 17/2009.
|
|
Broker Position |
|
|
Date |
Bought |
$Value |
Ave |
Sold |
$Value |
Ave |
Day Net |
Position |
$Net |
$Position |
|
2009-07-15 |
3,076,000 |
2,812,975 |
0.91 |
1,611,500 |
1,523,225 |
0.95 |
1,464,500 |
1,464,500 |
-1,289,750 |
-1,289,750 |
|
|
2009-07-16 |
3,031,000 |
3,648,835 |
1.20 |
2,978,000 |
3,677,385 |
1.24 |
53,000 |
1,517,500 |
28,550 |
-1,261,200 |
|
|
2009-07-17 |
875,600 |
1,147,461 |
1.31 |
2,289,100 |
3,060,364 |
1.34 |
-1,413,500 |
104,000 |
1,912,903 |
651,703 |
|
Total |
6,982,600 |
7,609,271 |
1.09 |
6,878,600 |
8,260,974 |
1.20 |
|
104,000 |
|
651,703 |