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Re: govprs post# 34747

Thursday, 11/02/2017 2:14:55 PM

Thursday, November 02, 2017 2:14:55 PM

Post# of 55168
I mean that it probably won't take 115M for the 2s to fall, a good part of what's on the ask now may evaporate and move higher if it starts running.

Some of the time there's only 20-30M on the 2s ask. I've seen it a couple times I think. So if a decent chunk of 2s are bought up, it might move right up to 3 or 4 quickly, or much more depending on what we hear from the company.

It's interesting too that the 2s ask is over 100M when it doesn't seem like there's more than several hundred million shares period. Not sure what that means. We'll have to see what happens.

JMHO