Replies to post #20646 on China MediaExpress Holdings, Inc. (fka CCME)

[hundredwaters]

March calls look much the same as yesterday - 2K volume at 7.5 and 5k volume at 5. Looks like there slipping out the side door again - anyone have trading data on these to provide support to this? It looks like there quite a bit more calls bought overall today, although not equaling puts like yesterday. Anyone remember the numbers?

[Crazy Money]

Smart shorts once again...

Obviously shorts need to know what they are doing to the tee, cause their losses can be basically unlimited if they screw up ;-) lol

[viking86]

Two big blocks of 1000 each at 3:20 & 3:21 for $7.90 looks like the MM is helping them to cover.

if that's the case, why didn't they buy near the LOD (5.30-5.90) b/w 11AM and 12PM ? Why would they wait until the last trading hour just like yday to buy those huge blocks at a much higher price (7.90)? That's a lot more money they had to pay for the 2 blocks, at least $400K. I would think the ppl who wanted to cover must have known in advance about the MW hitpiece. At least they should be buying with both hands when the hitpiece first came out in the AM and the SP went from 12+ to below $11 within a few hours.

Still a mystery to me. Anybody has an explanation ?