Hi Ggrooney, my thoughts are nothing more than educated guesses or gut instinct from many moons of market place experience.
The early high bids could well have been speculators wanting to get in early in case their was a strong rally on the back of this solid cash is king announcement.
There has definitely been a lot of trading/crossings and accumulation type buying in the past few months, so could be more of the same leading up to the official roll out of the Turbine in early September.
What is encouraging is the speed and low discount for this capital raise, Peleton obviously have top end players wanting in on this emerging stock......gives me comfort and belief that it will be a steady growth in SP over the coming months.
I still like the options and someone got lucky at relatively cheap entry levels this morning........good luck with your investment.
Cheers
Ant
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