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Online Share Trading

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Strange action on RBX

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asylum
Super Contributor
Can someone tell me how this works rbx was sitting pretty at R 49.00 and then out of the blue someone sells @ 43.10 dropping the share price a massive 12% in one go seems strange to me and now all of a suden share price is back up, if this is not an attempt a manipulating the share price then what is it.any views
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6 REPLIES 6
CHATTYCHAT
Super Contributor
Must've been a dude who did not change his auto sell instruction and someone bought in @ market or lowest? The same transaction at 16:41 attracted 270 and 30 shares. OMIO
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Not applicable
What was the volume? Could be a bottom feeder trying to trigger some stop losses.
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asylum
Super Contributor
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jamoo
Frequent Contributor
looked to me like someone triggered stop losses. its tough. i have been very careful with stop losses ever since i was bumped out too soon. setting alert (with sms) is more reasonable, it gives you time to review and make adjustment. by the way, you should reassess your position cause the stock its oversold. there might be some profit taking very soon. ciao
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SimonPB
Valued Contributor
probably just an @ market trade. Every out of line trade is not manipulation.
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jamoo
Frequent Contributor
corretion. stock is overbought.
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