RE: Unlocked SBTX Podcast6 Dec 2021 11:07
I honestly do not know why this is falling, certainly the very latest podcast from Stuart echoes his frustration at the same thing.
Clearly with hindsight the main trigger was the sell by our biggest shareholder which has damaged a lot of SBTX and OPTI shareholders alike, as most long termers are dual holders. Does appear that those who purchased the 3M stock, were not investors just traders who wanted to roll the stock, along with any other holding they had, as price at that time was well above strike price. Investor support just could not accommodate such a large amount of trades so broke south of all support lines. So several million shares were sold not 3, and throw into the pot the fact that our biggest shareholder wanted to sell....this in itself causes loss of supporting confidence. Result is the carnage we have seen, or is it opportunity??
Believe a lot of the bounce was initially traders, who are now exiting like they were bound to do once, they thought it had topped out on the small rise. Other views appreciated as I know we have some really good traders here.