what effect 15 million options, page-7

"But to base you trading on this is somewhat silly - in my opinion...

What does the chart say to you...? What do the fundamentals say to you...?"

Thanks for the replies so far :)

Chart...I find it too hard to tell, looking at it there has been a few times the prices have jumped up only to resume the downward trend so I dont know, there is supposed to be a big drop coming in September which may have a overiding influence. I would lke to see a steady progression rather than a sharp spike?

Reading past posts there have been plenty of bottoms called, though this one does seem to have some 'oomph' behind it. My hubby says to wait to see where the market takes us. Fundamentals seem good, but fundamentals dont seem to mean much in this market judging by MAKS trend over the last few months?

Anyway back to the options. I suppose thats the big question-of the 15 million options out there how many have the $4.5 million to pay for coversion. How many are sitting on a loss at the moment? My concern is it wont be a simple matter of selling other shares-most are so far down they wont be willing to take the hit. So perhaps they would be more inclined to either use cash-much around these days? Or sell rather than increase exposure? What has changed to reverse then trend? The recent announcements have been great but judging by the posts Ive read this hasnt really been unexpected news? Can I ask what sparked the down trend? Or was it just a result of the overall market?