spal4000
$TRMD The Institutional Takeaway: The market swallowed a $290M+ secondary offering in minutes and immediately pushed the stock $2.00+ above the deal price. Institutional demand is so starved for physical tanker exposure that it completely overwhelmed the block-trade discount. When the smart money buys a secondary above the deal price, they aren't trading a chart - they are buying the underlying ton-mile freight rates.
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