Jun. 30 at 8:44 PM
$ALM I’m no expert but I’ve got a lot of money in this stock so I have a need to know what’s going on. Looking at my chart is see two almost identical sized massive volume bars June 5th an 26th. June 5th was the news release for the
$700M corporate notes and
$83M capped calls. The same day saw a massive market sell off combined with short sales from the capped call sellers. The same day market makers bought these shares at a discounted rate and in turn sold them off at the on June 26th to the index funds at exactly
$23.00 CAD. Now that inclusion is over there is room for the stock to climb up to the
$19-
$21 range. Any spike into the
$22-24 range will likely get shot down by delta hedging.
