Although I am not holding at the moment I have a colleague of mine who also sold out his share holding but has held onto a slight position with his options - not that they will be worth anything anyway, 'as I have told him on numerous occasions'. He, I guss like me, is/are trying to work out whether the right decision was made regarding selling his/our shares as he/we noticed today the buyer side stacked up and the seller side is being slowly eaten.
I am also perplexed with this and although I am a technical trader (I guess technically MLS is looking fair value at best) why the recent SP rise? Has the possible option volume, that will not be executed, been taken into consideration? If someone could please explain it would be much appreciated as I am dazzled with the current movement? Is there something else that many shareholders who have sold are unaware of?!
Cheerio Nikess.
MLS Price at posting:
1.6¢ Sentiment: Sell Disclosure: Not Held
