Could someone want the price to be kept around these levels?
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Could someone want the price to be kept around these levels?
I believe the large 7m trade was UBS clients closing out positions and rebalancing accounts with each other before results next week. Shorts have also recently been dropping. Stock price is likely to bounce. Only question is, will people sell into the rally.
Institutions can. eg, short $5m at 14c , then buy back at 12c at the same amount of money. Then they have more % in shares.