i was watching the trading action at the close for catalpa - i think the final burst of volume at the end of the day auction was mainly due to friday being the last day the shares traded "cum entitlement". Expect a pullback on monday as the shares trade ex the rights issue.
i have sold my CAH shares and bought the CAHO options which have been trading with no time value recently - good to finally see some volume there in the last couple of days.
CAH Price at posting:
$1.62 Sentiment: None Disclosure: Held