Intraday chart says someone blinked at ~3:10PM for ~50k shares, and one can see the rest. Very starkly anyone who sold for <$1.95 LOST money. Plain and simple.
Nothing from the charts tells me there is anticipation of a third party higher bid, eg. active arbitrage, positioning/accumulation (360 excluded) for a higher bid -- except blind faith, which is a stupid underpinning of investment.
Nevertheless, the saga continues.
Will 360 increase its bid? Maybe, but I'm not counting on it.
Will another bidder come forward? Maybe, but nothing shows me it's coming.
An examination of every share traded at $1.955 and above may point to something, but I doubt it, unless there's a bump in MUFG and MS (unless there the same) substantial holding. Although I wouldn't know how to think about it if there were a bump.
Thank you 360!!!
OV
AJD Price at posting:
$1.93 Sentiment: Buy Disclosure: Held
