Santa Clause Rally to Roar In for Year EndYou guys do what you want to do but I am buying all I can at these levels. This ELW trade is all technical. What is happening here is a purge of weak holders....from that July PP ....and how weak are they really....plus a Bought Deal Financing was just completed for $100 Million last few days....Takes 4 Months for those shares to become free floating....$0.37 paper (who would sell that anyways ?)
10's of millions have traded last few weeks at over 100% premium to that last pp paper that became free floating....wouldn't surprise me to see anyone who solve over $0.20 Buy back in here and lower their base cost and take the ride up for some real nice trading profits in the next while. ELW is a real smart trade here...forget the crazy temp oil price drop....that was just the catalyst traders needed to get these stock in this nice buy sweet spot in the first place...now that the price is right...the move to buy is an automated decision...don't wait to long.....nice rebound coming folks