RGFR Daily Chart ~ An Erroneous Trade Reported Yes
Post# of 2561
Posted On: 01/01/2016 12:23:18 PM
RGFR Daily Chart ~ An Erroneous Trade Reported Yesterday
During yesterday's trading day, a sell of 99,000 shares of RGFR was reported to have occurred at 1.75. When I requested clarification of this trade, it was found to have been an erroneous transaction and was cancelled my the reporting brokerage house that printed the trade. So in actuality, RGFR had no volume yesterday after a two day recovery from a decline into the mid .90s and closing at 1.95 on Wednesday. Unfortunately, as is the case in most fat finger or mistaken reports of a trade, the charting services don't retract the wrong information even after the Market Makers or Brokers reverse a trade. So until the stock trades again, the closing price of Thursday stands at 1.75 on a sale of 99,000 even though it never occurred.
Technically, nothing has changed on the charts in regards to the highest close Wednesday since the first day of July. My opinion is that RGFR will now continue higher since some weak hands have been shaken out during that decline to .95 on Monday. GLTA
During yesterday's trading day, a sell of 99,000 shares of RGFR was reported to have occurred at 1.75. When I requested clarification of this trade, it was found to have been an erroneous transaction and was cancelled my the reporting brokerage house that printed the trade. So in actuality, RGFR had no volume yesterday after a two day recovery from a decline into the mid .90s and closing at 1.95 on Wednesday. Unfortunately, as is the case in most fat finger or mistaken reports of a trade, the charting services don't retract the wrong information even after the Market Makers or Brokers reverse a trade. So until the stock trades again, the closing price of Thursday stands at 1.75 on a sale of 99,000 even though it never occurred.
Technically, nothing has changed on the charts in regards to the highest close Wednesday since the first day of July. My opinion is that RGFR will now continue higher since some weak hands have been shaken out during that decline to .95 on Monday. GLTA
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