It was seemingly only a matter of time. The price was being held back upon release of this very same news at what i noted was an $8.40 cap. Someone was hoovering up as many shares as they could flush out at that time. They then only needed a catalyst to pump it up without drawing unwanted attention. Enter the full update yesterday 30/08 and bam, they had their cover to pump and profit.
I had thought it would range in 8.80-9.20 and made my sub $8 profits accordingly. It has clearly overshot my expectations.
This is what i meant by i pay attention to the trading changes and look to profit accordingly in a previous post.
My guess now would be that it levitates at these levels for some time with some more sideways trading to offload a portion and crystalise some profits.
For transparency, this is still ~30% of my holdings as i have a lot of faith in the companies prospects to gain market share.
My thoughts on the price action.
DDR Price at posting:
$9.67 Sentiment: Hold Disclosure: Held
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