RE:RE:RE:Looks like the manipulators in chiefThe economic benifit?
Ok if they bought the call options a long time ago then they paid virtually nothing for them. So driving up the call options gives them profit which will offset any losses incurred by selling a partial position..Now future call option prices will drop when they push the stock back down..
Now the 4 month high was around $24.90 U.S if I remember correctly around Jan 17th.. Shorts loaded up at the High and walked it down below $20 U.S on very low volume just prior to earnings. Last Friday after earning it gapped up and went as high as $23.90 which is still a dollar below the high.. So the majority are still in the green on their new short positions and made a killing on the call options. Now they're walking it down again on low volume.
Today is OPTION ACTION THURSDAY...POPS on HIGH volume and IMHO the shorts will once again collect on their calls, take a new position and walk her right back down.
You're forgetting that an insitution can walk a price up or down using very few shares...HIGH Frequency trading algorithims pump it up or down in milliseconds with as few as 1 single share setting the new price..Don't forget that ALL THE HOUSES with short position join together when manipulating the share price.. A house can help pump it up on a few thousand shares ( the high volume is retails poling on ) then short tens if not hundreds of thousand of shares at ahigher price..
Also the majority of action takes place on the alternate exchanges such as Alpha exchange used exclusively by the banks and institutions..Retails with level2 never actually see what's going on.. They see it walked up or down but not the volumes on the other exchanges. So SP could be walked up or down on the TSX and when a price point is hit the institutions fill huge orders on the alterneate exchanges and retailers are totally oblivious.