With that level of shares to play with, one scenario is to wait for a hallow Ann - one with pretty pics and smiling officials, buy on market, price moves up, cheer squad gets excited with cries of shorts burning , wm is a genius, the downrampers are quiet -momentum then builds. The squad rush in to buy more and tell this forum, etc. The trader then dumps the shares and possibly shorts them on the way back down, and covers at lower price. Then wait for another hallow Ann with pretty pics ....
IMO this has happened several times in the past and will continue to happen, unless the Ann contains the sort of info that the market needs ~ numbers , timelines, funding etc. Or unless there is a buy back .
CDU Price at posting:
$1.73 Sentiment: None Disclosure: Not Held
