It's not dumping per se, but without conviction (and in for a quick profit) some sophs and, possibly, the broker are selling on market. Their breakeven is about 4.4c for the heads and 1.8c for the option (1 option for 3 shares) at current prices. There was a dump of options this morning, wish I was waiting in line actually. And the spread is like 40% now buyers at 1.6c and sellers at 2.4c.
Yes, the gap at 3.8-3.9c is in play, looks like might be another drive down before the end of the week probably by those sophs.
I think we are close to having washed through the weak hands
AVM Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
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