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Friday, October 09, 2015 8:35:44 PM
It's as if Woodford helped push us up to the July options... in order to take those shares off the table.
Perhaps it was never the intention to let the share price go much past $8 or so... but I think the German supposed "trial halt" and explanation time helped drop it more. And Hilary's tweet, was the crowning blow.
So now Woodford possibly stops the damage from going too far with this plan you've delineated.
Perhaps it had been intended to run it back up to the $12s to grab those calls and get those shares back in the hands of longs (like Woodford), but the powers that be may not be able to pull that off. So they are protecting the downside.
Interesting thought.
Regarding charts... they aren't to be trusted... BUT... much of the market buys and sells based on them. Perhaps they actually orchestrate them in so much as they can control them. As I said before... keep our price here above $3.94 and we are all still in for a big move up when we go. Wreck the chart... and we start all over again.
That's what I think anyway. :)
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