FAHN does not appear to be buying RADAF stock, based on their behavior as a Market Maker. They have still been offering stock at the inside offer, though not as aggressively as before. Occasionally they've been the inside bid, but not for long. Of course, they don't have to be the best bid to be buying back stock, they could be buying through other MMs.
What I find interesting is that Friday and today, Wedbush Morgan, staunch and unshakable defender of RADAF at 12 7/8, has been aggressively offering RADAF stock for sale. WEDB has been the inside offer most of the time, sometimes on their own, sometimes in tandem with FAHN, believe it or not. So after defending the stock, WEDB now appears to be slowing its rise. Perhaps they are unloading some of the shares they bought cheap at 12 7/8, for a 30%+ profit in two weeks.
I would hate to be the genius at FAHN who aggressively shorted RADAF at 12 15/16. Hard to imagine how they will be able to cover without a huge loss.
Dennis |
