With volume so enormously high, I sniff a major seller although the Top 20 of late only holds around 52% although it's not inconceivable that day traders only played today.
The close at approx. today's VWAP of 7 is not too bad; I just didn't like some of trades today - particularly the break ups of 100k lots. Anyway, with 315m gone through today, with only 344m vol on offer - I tend to speculate that the probability is that a large holder has dumped. It's definitely going to be volatile now for some weeks with many opportunities ahead for the canny. If a 2nd follow up update comes on line, it may briefly explode upwards into the double figures - I believe that is what holders now are hoping for.
Won't know for a while. Quite incredible - I was hoping for something small.
Ann: Trading Conditions Improve , page-42
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