RE: A SP 'technical' question3 May 2018 09:15
Hi Aduk ... a few points although they are pure speculation. Hurr were riding high, RB takes profits ... plenty willing to buy given recent news. Was another ii hoovering? I dont know. Next ... maybe sold shares believing other ii s have converted some convis ...new shares dilute the mkt...sp could fall...so sell now. Maybe it s part of a convi arbitrage ... yanky interest rates maybe rising ... affects convi yield calculations ...his derivative plan wasnt working....sold some shares to limit play. Next idea, sp looked overbought ...it did to me..but only in the v short term ...week or 2 it may fall. Next, RB overexposed to Hur ...internal rules. Next, taking money off the table ... safer plays ...macro stuff ...inflation etc. Next, he wants money to rescue a distressed business....maybe a rights offer somewhere These are speculation ...no evidence ...but kp watching thr algo bot trades ...what could they be hiding?