this move consisted of a 819 point movement, the PV volume average was 5,555,526. If we look to the most recent similar move in LEI then that would be the decline to June 2013 which moved 1016 points with a PV average of 5,863,533.
Yes the average pivot volume for that move was higher than the move covering this take over offer. I might take the claims more seriously if LEI didn't already have form in behaving this way or if there weren't such strong technical arguments for how LEI behaved.
If you believe there was significant insider trading now, then by those same arguments you must also believe insider trading occurred leading to the 24th June announcement.
LEI Price at posting:
$22.24 Sentiment: None Disclosure: Not Held