is it they want to flush away the last stand of weak retailers? drop further step by step. Other stocks also become more drop. dji seems fine right now.
Now if the big shark dont collect, when is the best time? Of course they do know that after 20 March 18, no more warrant on market. Price is going to shoot up, Therefore now quietly collecting. Smart Sharks
small retailers must be dilemma whether to convert or sell their warrants that warrant will be matured on 20th march. That is why one of reason price not moving much right now.
humaira89, i think i have to correct you a bit. No offence. Next week those who have warrants have only 1 option, convert it. Warrant last trading day is 2 Mar 18.
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Posted by Wei Hong > 2018-03-07 09:35 | Report Abuse
fundamentally nothing is wrong, contracts still on hands. the selldown might due to IB flushing out weak retailers.
or second scenario is insiders know about the bad news of the company and sell off their shares before announcement.