Capping heads while accumulating options is a proven strategy for larger players to build a large position on market without the share price running.
have a look at what happened to AVR as a perfect recent case study, noting: 1. this incredibly positive announcement a few weeks before expiry and the mini run 2. the massive clear capping oh heads that occurred to try and get options to as close to zero value as possible (and incite panic selling) 3. the almost immediate doubling in share price once option conversion date passed
there is a real risk of that happening here also
please note I think HAS is a winner and on its way to 55 cents at least…. Just that we might get screwed around prior to option conversion. I hope I’m wrong!
HAS Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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