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clock Created with Sketch. 02/01/21
16:56
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Originally posted by Yenom23:
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I know the technicals look ugly but look at the fact 3m 12c options are due to be exercised by Monday the 21st makes me consider It could be assumed that those converting those options may have needed to sell stock to pay for them. And given the funds are received by the seller in t+2 and they need an extra day to transfer the funds to RSH, then I’d assume the accelerated selling by such a party or parties may have been responsible for the increased sell volume of late... and in particular today as it’s the last day they had to raise the money to exercise the options... so I hope not too many people have been spooked into selling..
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Good points Yenom, overhyped at 24c, now oversold at 13c. Markets will keep investors and traders alike all on their toes, but often at lowest points are best buys if FA has not changed.
