Dennis, Zeev, Rich, et.al.: Both Dennis and Zeev present some good thoughts. As for me, I'd just like to see what I feel is a cap on VLNC removed. Cap? Yup, today, as yesterday, somebody kept stepping in front of any buying surge whenever it tried to get above $20. They were content to leave it alone as long as it stayed south of that line, but once it began approaching....well....let's just say resistance, in the form of sudden increase in ask size, routinely occurred.
So although I didn't have access to Level II to see who was "hanging out" on that side of the action still this is what todays action indicated to me. So the question becomes; market dynamics aside for the moment, when will this cap be removed? (and hey, Rich...didn't you mention something like this would occur vis-a-vie an options related play?).
John~ |
