InvestorsHub Logo

WithEyesOpen

06/29/20 11:54 AM

#7233 RE: Ignatius J. Reilly #7231

“Like”

Mrone

06/29/20 1:14 PM

#7236 RE: Ignatius J. Reilly #7231

Definitely frustrating, we can see it is undervalued, hopefully another good Qtr. will show their value!

nilremerlin

06/30/20 5:48 PM

#7256 RE: Ignatius J. Reilly #7231

MMs are required to cover their shorts by the end of the month, so they move the price downward to buy-to-cover low.
The same short covering requirement deadline is the 15th of the month, so you'll see the usual dip then, too.
I expect to see some price fireworks beginning of July.