GDN golden state resources limited
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capping - please explain, page-2

  1. bigcrazau
    1,023 Posts.
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    11/05/09
    14:14
    Post #: 5120123
    Say if a big holder wants to accumulate more shares, say the options at 4c. He'll throw a huge sell order in at 4.1c. Traders will then want to get in front of him and sell at 4c. He buys them up.

    There are other reasons/methods for capping, but that is generally the most common approach in my opinion
    GDN Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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