Originally Posted by
Balance
Well, positive announcement on being a top 10 hot emerging company lifted the sp by 1.8%.
Was actually more but a seller dumped 260,000 shares (33.5c) at the close so poor ole underwriter must have been rather miffed after massaging the sp at 34c whole day?
Guess the seller is happy to gain 1.5c arbitrage on 32c? That's $3,900 - buys a couple of new iPhone X anyway. :D
Underwriter will be pleased they do not have to take 260,000 shortfall from this seller - but then, they have just given away their underwriting fee (and more) supporting this trade?