well, I can only speculate
and here is the speculation.
1. it's not some piker taking the shares. that's positive. of course if they are covering a short, it means only that. but what if not? what could it mean? for sure, Citi is in the know if anyone is.
2. if not covering a short, and I believe they are not short, they are accumulating it for a reason. here are possible reasons.
a. they want it, or they have a client who want's it. why?
aa. the obvious reasons of build out
bb. the not so obvious reasons of a bank accumulating shares for make capital infusion later ie: deal making
cc. trading for their own account, on info that would lead them to buy
dd. isn't Prince Alaweed Citi's biggest shareholder and a private client? this is farfetched and you know what I am going to say, so let's leave it there
anyway, Citi is taking the stock. why would a big bank like Citi who has had relations with State Street (Lopardo) and every fund that is out there buy the stock?
i didn't like that little tape paint of 700 shares at the end today, but some of those sells are actually buys. the .15 is offered and it gets taken. why? 5000 went of at .178 too on a big sell day on 15s, no tape painting.
so, why is Citi buying Myriad stock?
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