Tuesday, September 12, 2017 10:00:13 AM
One theory I had was that some big players are coming in and do not care about necessarily nailing down the bottom. The volume yesterday was quite huge and done by like 1030.
Another one is MMs testing the market by gapping the stock. Of course, selling pressure quickly brought it back down to the single penny range but it opened very high initially.
Final theory is perhaps it could be someone converting fixed price options, though I do not know if those would show up as trades like they did unless they were immediately sold.
All in all, not sure at all but I think the recent PRs are definitely very different from what we were getting in that they have some concrete info. You can sort of calculate based on historic costs what the revenue will be. It will be nice to see them in a quarterly filing to make sure. We may be heading to blue waters after all, my friend! But storm clouds follow us wherever we go so I am keeping my exuberance down.
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