GREY:ARGEF - Post by User
Comment by
Astrosmithon Mar 30, 2017 1:33pm
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Post# 26053349
RE:Not over yet
RE:Not over yetIt is not over yet but it is coming to an end. This is the death throes.
We have been looking at the DB's and most of them this week have been bought by an Anon house at 79.00 which translates to about 0.087 per share. So someone under Anon is confident 0.087 is a good value.
So the arbitrage in the DBs is pretty slim (0.087 to 0.09 = 4%) which appears to me they are going to hold the bonds long and perhaps exits short trades next opportunity they get.
What caught me by surprise was that 002 RBC is who brought this down to 0.08. They could have easily kept selling at 0.85 in large lots if they were looking ot exit their position at best possible price, so I think they are just rattling the cage. 002 was doing most of the buying earlier today, and could easily have flipped them at 0.085-0.09 today if they got cold feet and wanted out.
Might be someone trying to trigger selling to cover shorts, or just testing the depth of buyers to see if they can get away with trying to push the price down one more time.
This is a blip. There are lots of buyers lined up. I do not think the DB holders or shorts (and those who are playing both) can afford to fight this volume much longer. I will keep buying especially as long as the SP is lower than the recent DB sales (ie under 0.087).
Just look the Bids at 0.08 are over a million right now on this test dump. I expect to see shorts closing out and not starting new short positions until we get over the 52 wk high. Hold tight and accumulate and we will bring this game to an end.