Approximately 75 million options were exercised according to the CQT announcement of nearly three months ago.
I don't buy the view that "any price above 20 cents is returning them a great profit."
Were all these options unlisted? They didn't trade? So noone paid say 35 cents or 40 cents for them PLUS the 20 cents to exercise?
I'd like to know of one stock that NEVER has a period of consolidation. Eg SMM hit $1.68 in July last year. In October last year they were $1.43.
I guess it was all over for SMM according to the impatient share holders who expected it to rise every week.
Last traded at $5.15.
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good price to get in question, page-10
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