Prima facia, some one selling the 98,000 would have raised some concern and caused me to wonder if the recent run up was loosing steam. However, the majority was snapped pretty quickly from off screen and there hasnt been no increase on the sell side or further pressure. When the 3B notice came through on friday I thought that that the person could be converting the options purchased into shares due to liquidity so they could sell out and make a quick profit. may be they did.
today trading so far proves that there are persons in the shadows waiting for 'desparate' sellers. selling 98,000 any other time would have caused a overhang and a lot of downward pressure, not today though.
TRF Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
