OSP, (all IMO) Majority of the 170million volume traded between 5.2c and 6.0c:
1. THis is not low volume. Someone keeps rocking up with 1mil buys !!!!
2. (170mil X vwap of 5.5c = $9.3MILLION) (That means atleast half of that $9.3million if not all could be new investor funds, From that we can say market is re-rating this stock.
3. Aligning the fundamental (FA) improvement in the company's prospects rationale of the deal with GE announcement. Could be announced tomorrow.
4.I know we are traders and close positions/book profits but shares on OSP's registry are getting less and less , if the whole registry has just about exchanged hands in the last 3 days that means someone is vaccuming the shares available for sale/any loose stock on registry/profit takers and not giving them back. Shares are drying up fast, hence the price increase. Some mammoth level of accumulation is happening here, based on the price action.
GDLTOAH.
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