STK 3.75% 7.7¢ strickland metals limited

Stk General, page-624

  1. 22,046 Posts.
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    Very good advice there williams11. Can't be too confident with options to go "at market". VERY dangerous.
    But, that tightly held factor at these, still, very 7ow levels are there for everyone to see. In the last 5 trading days the shares have gone from .90 to .120, that's 30%. Whereas the options have gone from .045 to .080, over 77%.
    The options are still 100% down on their 52 week high. The shares are 66.66% down from their 52 week high.
    IMO, still a lot of play in both and while the shares are moving strongly, it gives greater confidence to option buyers to match the buying when that 3.6 cent gap exists, and very confidently if it is greater than 3.6 cents. I wouldn't be surprised if there is someone with a programme to match that gap.
    In what is a very quiet time for the market, especially with no news, this is great buying and very encouraging for holders. Enjoy!!.

 
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