I see mr lew only declared the 18,000,000 shares he bought, and...

I see mr lew only declared the 18,000,000 shares he bought, and did not declare the etos. Many institutions do not require you to declare etos as thier value changes so rapidly, so he didnt break the law.(USA markets dont require etos declared either).
I wouldnt want to be a mug follower, buying on the strength of this announcement.
A very sharp article by the SMH.



COLES MYER LTD. 2002-10-16 ASX-SIGNAL-G

HOMEX - Melbourne

+++++++++++++++++++++++++
S Lew Custodians Pty Ltd increased its relevant interest in Coles
Myer Ltd on 15/10/2002, from 69,530,160 ordinary shares (5.870%) to
87,530,160 ordinary shares (7.39%).