SRI 0.00% 1.8¢ sipa resources limited

Interesting option purchase, page-9

  1. 29,310 Posts.
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    "Who the heck would pay 2.4c and 2.5c for the options when the shares are falling below exercise.

    Hopefully someone who knows something...........wishful thinking I guess. "


    Some poor demented sod. But before we cast stones, remember we had bought Sipa ......Some people will buy anything....

    More seriously.....I've seen people buying oppies at 0.001 c or so a few weeks before expiry.....on the gamble something might crop up in those final weeks. Akin to having a TAB bet. Why buy for 2.5c now? Yes, wishful thinking or insanity....

    GZ
 
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