Hi Frogen
This is highly unlikely about people wanting to use the rise to get out, nor is it about fundamental value.
This is about EWC coming out of the index at the end of November and the actions of those who knew ( shorters etc) endeavouring to get the price down to access stock at the lowest price they can on the 30 th November.
If they get the shares they can cover the short position and make money. If they can’t they will have to buy back.
In my previous posts I give detailed data to support this view.
Ann: Pagbilao 650MW Power Plant - Land Agreement, page-5
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