One day theer will be bullish Momentum on Retail stocks and HVN and MYR will push to valuations beyond their realistic Valuations.
There is alot of distribution in the way Funds trade stocks.
The Long and short, and sell Options and warrants and all sorts of ratio trades and hedging.
Its even possible the MYR is slipping because of the market maker is cashing in on Arbratige trades.
Shorting the stock, Selling Put warrants and buying Call Warrants for a delta neutral net gain.
The net gain would be created if the Put warrant is sold for a higher price than what the call warrant is bought for, then add the margin yield %pa for being short.
The result would be a net gain to the market maker of this trade delta neutral regardless if MYR tanks or Pops.
Thats what I thinks happening. But IMO its more likely to Pop soon.
MYR Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
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