Normally people question when somebody is heavily dumping but here any buying is met with a huge skepticism.
While the 5c SPXOA buying before the heads' move still looks strange at this point there can't be any forwards positioning ruled out.
There could be Capricorn, CC people or any newly onboarded customers as well as SPX employees behind the buying as those are definitely involved in the progress but not restricted from buying or obliged to report any buying. I wouldn't have expected any sp moves towards 1c without any update that either confirms or strongly indicates any revenue increase but who knows maybe something positive is developing in the background.
Time will tell and always the eyes will be on the next 4C.
But one thing seems to be certain, as soon as cashflow + is reported and can be sustained and increased the sp will move upwards very fast. If and When of course needs to be seen.
GLTA
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