Aside from the odd retail purchase, the oppies trading has been a complete scam. When a soph or two weakened, a tiny parcel have been bought to get them back to 0.009. If the heads double from here to 4.6 cents, the oppies are unlikely to trade above 1.5 cents so the leverage is with the heads. The sophs are trapped and paying such a high price for the oppies offers them a get out of jail free card. If nobody steps off the bottom line, they'll be forced to slide their head sales back to 3 cents for a 1 pip gain.
Don't let them off the hook and offer no more than 0.1 cent per oppie.
SL1 Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
