That seller is clearly not after top dollar...as showing his hand like that is the last thimg you do.
He may well sell, so indeed the orders are likely genuine...but I suggest his aim is other than receiving the highest price.
Need to ask yourself why he would do this?
Anyway, directors notice hust out...bought 500K options on market for 10c.
Directors buying options in preference for heads is usually a pretty good sign of what they are expecting for the stock...and a direct indication they are not pumping the stock...on the contrary, he obviously feels the stock will be fine by itself.
Am happy...especially if I manage to get some more for less.
Cheers!
KSX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
