Yep, as I said earlier, options conversions killing the SP by saturating the sell side, IMO.
Right, I’ve had enough of this BS options conspiracy !!!! Mate, I’m not attacking you directly and appreciate it’s your opinion but it’s baseless claim that is constantly and irritatingly being peddled on EXR threads and is just not backed up by trading volumes in either heads or options. Trading volumes in both have been incredibly low apart from the announcement spikes.
1. This stock is being played, held down and accumulated - nothing to do with options.
2. What is the purpose of the options! Options are a very tidy way of doing a capital raise. The dilution, amount of capital being raised and timeframe of completion are all pre determined and the only variable is if they will be in the money. This puts the Ernest on management to perform and ensure the options (and growth opportunities) hit the metrics to receive the capital injection. Clean, accountable and transparent.
3. Other forms of capital raise often include the issue of new shares and result in share registry dilution, unfortunately normal capital raises don’t always benefit the loyal current share holders and the fees, incentives and general shitty deals can be costly to the business. Usual capital raises can be very messy and cause disruption to share price and investor confidence.
4. The past 6 months has been a capital raising paradise so there are numerous examples of other stocks raising capital and in many cases of late experiencing minor stock price disruption and surprising many have experienced positive stock price growth.
5. So why would EXR experience 3 months of reduced stock price growth due to options, a clean, transparent method with known exercise date and anticipated dilution.
THE OPTIONS ARE NOT HOLDING BACK THE STOCK PRICE!!!!!!!
This option conspiracy BS is an irrational self fulfilling conspiracy and I wish people would rationally think it through before re-enforcing and spreading it.
To subscribe to this conspiracy you essentially endorse that a capital raise should hold a stock back for three months - Bull #@$t!
The level of positive response to capital raises in the market over the past 6 months has been anything but constraining.
In closing, the level of transactions in options has been minimal at best, and days like today with zero option transactions is not uncommon .
Trading in EXR heads are also low and in my personal opinion being held down and accumulated.
EXR is on the radar and being played and there is no cheaper and easier way to play this stock than to dump small quantities of options at irrationally low prices to undermine confidence in the heads, create a sell down and accumulate, then rinse and repeat.
Hell for only $1,500 you can dump 30,000 options at 5c, that’s what you call a cheap confidence trick!
To conclude, the conspiracy theory that the options will hold down the heads until they are exercised on December 31 is designed to undermine confidence in the current term share price and create an accumulation buying opportunity.
Be wary, I suspect EXR will bounce well before then but unfortunately it won’t be us small, retail investors that will determine the play, I suspect there are bigger players pulling the strings.
All in my own opinion with a liberal helping of reality, trading experience and f@#$k#@g frustration.
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