Ann: Becoming a substantial holder from MQG, page-6

You maybe right.

I expect a false start pattern, open high say 2.66 then a runup to 2.70 then a short sell back to 2.64 lower than open then they buy in again to cover ending at ~2.66 up 0-1% yet again.

Or could open at 2.70 and get sold down all day to 2.64. It wont open lower as they wont buy at open as only amatuers do that, they will wait for the retailers to come in buying and then smash it down to daily lows then cover their shorts by buying at daily lows, Thats how the pros do it like Macq.

At some point if they start buying at start and selling at end of day like many daytraders then this may signal a change in tactic and a long buy call is being messaged to the market and their clients.