Can too! Not that it is occurring but it is a viable option...yet buying puts pressure on positive gain. Not happening. Not going on that way.
MMs and short lovers are doing this. A lot of assistance by MMs and short demand on cheaper pricing to cover is driving the downward trend.
This is due course NOT a short coverage frenzy to buy on a pop (increasing demand).
It is DD on the part of some 'first in and first out' minded shorts. CYA NOW because SOMETHING positive is sure to happen in LAHO's near future. Short laggards be damned.
IMO, right now MMs are doing all they can to cover shorts....dumping their shelf into the trade to increase float and thus driving pps down further.
MMs see commission security in doing so.
Just my thought approach, reality has a way of hiding.
C/S can be retired in a variety of ways including retirement for P/S. Costs are associated with each but market cap is usually higher with a higher o/s, plus volatility is not a problem, making it easier for cashing in on shares. I could see GSGM acquiring shares then selling them to some Dubai contacts for massive amounts of funding rather than the CD process. This strategy would give them a headstart towards expansion and liquidity
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