escape clause in efs bids?, page-25

estseon,

maybe?!?!

Going back to Cliff's quote from the agm
"likely to be completed ..this financial year?, a month? a couple of weeks?"

I got the feeling that while it was pretty much a done deal the completion time table was outside TXN management's hands ie that the purchaser was controlling the final date.

Yesterday was one week. So maybe still a week or two to go?

My guess is that the guys running the bot (possibly acting on behalf of the potential purchaser) saw a bit of resistance and put the bot on ice to keep their powder dry for another down day.

With Greece's election not due until the 17 and a big rally in the US last night on a "possible" solution to Spain's liquidity problems - it's possible that the market sentiment could swing around once more sometime over the next week or two and (while I hope not) we may end up with one more rattle.

Still with crude back above $85bbl that's a decreasing possibility.

In the absence of any announcements (ie we're not in a trading hold yet but then its only 9:15 ;-) ) - Today should be reasonably flat as TXN doesn't usually get too much attention when the rest of the market is running. It tends to lag a few days behind. So if Europe & the US can keep their ship together we may be stable into early next week.

Got to be getting close after that!
I'll post if I see any bot action.