Re: FACT
After being aggressively on the inside bid for almost two week, FACT stopped actively buying this stock as of 12:49pm EST Friday. What that means is anybody's guess. Either: 1) It has finished buying for its client (IDC) and is on the sidelines for now; or, 2) There is a major event regarding the stock and therefore it cannot buy the stock for the company.
Because it is a market maker on IDCC, FACT must still put out a bid and offer but, at prices well beyond the active market price(s), it does not matter. The lack of the bid support by FACT is causing a price slide; however, if the speculation is correct (i.e., that there is major news which prohibits it from buying), then there is will be a big rebound during the latter part of this week. IMO