I don't hold but are now watching...HDF bounced up to $1.50 or...

I don't hold but are now watching...

HDF bounced up to $1.50 or so and anns a cap raising at 90c..the insto's got in and got all their entitlement... the offer went to the retail guys/schmucks...at this stage the price was driven down below 90 to about 85c or so....it is now holding around 90c which is rubbish for retail investors...

so the watching is to see what happen after the retail offer closes..the insto's won't let it stay down there for too long..

The retail raising is 100% underwritten and the insto's imo now want the underwritten stock to add to their holdings...

watch and wait..to me this is insto's playing the retail mkt for schmuks and want them to not take up their entitlements..

I posted the above in the short term trading thread yesterday..and got no discussion ...which is as I expected lol...so anyone here watching this?...

from the insto take up I would imagine after the retail offer is done the sp will not remain at 90c....any thoughts..