I am surprised nobody has mentioned the big buyer in the options towards the close...
The order that cleaned out the last of the .043 line was an at-market order for 4m+ options...interestingly, it appeared immediately after a reasonably sized capping order was removed from 4.4c
After cleaning out the buy side, leaving the next order up at 4.6c (120K), he sat there until the close, at which point he reduced his order to 300K, then to 120K, then finally removed it all together.
Clearly he wants a decent parcel and didn't want to risk running the stock up by picking off the remaining small orders. This whale is likely to be in the market again tomorrow?
I have previously stated my thoughts on the technical merit of the current activity...perhaps I should add that all activity is pointing to the likelyhood of news in the market...but what kind of news?
Appointment? Drilling? Who knows?
Cheers!
AEX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
