The Term Capper/Capping Bid is used to describe a situation where by a Bidder/Bidders (Usually a Fund Manager acquiring for a client) places a large number of shares at a particular price, in this case $1.25 in an attempt to hold the price range bound. The Bidder/Bidders will then try to accumulate as much stock as is required.
A Prop/Propping Bid, is placed for the opposite reason, as its an attempt, to hold the price up in a price range until the required stock is sold off. . . Cheers from grant64 :) . . .
PNA Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
