On seeing that Cygnet were underwriting, it now seems clear to me what was going on with the strange trading of options versus heads. I believe Cygnet were pumping the sp just enough to ensure they could offload the underwritten shares.
The last little pump is probably over now with Cygnet offloading onto clients. The 6% fee should easily have been enough to cover the price they paid above 75c over the last few weeks.
I have significantly reduced my holdings until there is no more reason for a pump. I still like this venture and hope to buy back in at the true market price.
On seeing that Cygnet were underwriting, it now seems clear to...
Add TYX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $23.01M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $6.117K | 873.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3042578 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 4547399 | 9 |
View Market Depth
| Last trade - 13.06pm 09/07/2024 (20 minute delay) ? |
| TYX (ASX) Chart |