I see I am sort of talking to myself here (about the todays price action), but I still want to continue. I see trades of BNGOW constantly going through at the bid, and trades of BNGO - at the ask. Becides, there is small discount in warrants prices compared to stock-$5. Thus, IMO, MMs are getting warrants from those who still want to get rid of them, converting them, and selling to the market. They are making 1/8 of a point now. Not bad at all.
I do not know if this is what is taking place today, but the picture I see does not contradict this assumption.
And on another note. Did you guys noticed that the thread became aufully quite lately? I am not inviting people to chat if they do not want to, but I'd rather want to consider this to be a phycological indicator. The general public interest in the stock is down. I think many people have left, either forever, or waiting on the sidelines to see the resolution of the situation (warrant call / Darlington deal / AG of SC / new announcements promissed to be out soon etc.) As much as I want to see some movement, I do not expect it till we have some news to move the stock, or the change in the MMs pattern of trading. May be the latter will come before the former.
Musya. |
