They may have both ends covered because they have a large short position that they are covering at the same time. They would want to make the market appear balanced and not run away from them. We wont see that position and even then it could have been unwound. I don't think they are totally into the 0.5c gap unless they are taking a position and I would suggest have been shorting it. That way it pays to make traders want out because it isn't hitting its expectations.
Personally I hope they burn badly. I am also buying. Its amazing as they picked a lot of stock and when the sell side kept getting to 200000 it filled up to around 800,000. Watched them in other stocks and really they just play the weakness - I think its easier in a weaker stock as you can spook the holders out of their stock.
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$8.81 |
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---|---|---|
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1 | 1046 | 8.770 |
1 | 1046 | 8.760 |
1 | 1046 | 8.750 |
1 | 237 | 8.650 |
Price($) | Vol. | No. |
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8.820 | 557 | 1 |
8.830 | 1046 | 1 |
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