Folly. That should have read south west. Doesn't matter.
My take on today's action was there was a 500k order at 7.6 today, and then a 1m cap appeared at 8.3.
It was probably put to induce a sell into that order, and it didn't happen, no one wanted to sell.
The cap, which did look very juicy to buy and the seller probably knew that knowing at this point it would be next to impossible buying back that much stock same or cheaper, promptly pulled and then chased.
Anyone else see it that way?
MGV- FA post SPP, page-94
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