Clearly something is up, some bigger parcels today.
I was/am thinking existing holders would be adopting a wait and see approach wrt BYI. So holding that thought, I'd have to say that a lot of the sales are going to new holders. So perhaps the tip sheet theory holds true. Either that, or a slow leak, in which case one could expect an announcement as early as tomorrow, possible Monday, but inside a week.
Whilst the market would cheer a full T/O of BYI, its surely not that unexpected? So perhaps they are talking of a SPP, and people are taking a position?
All IMHO
Interesting. I need to re read my notes.
Oscar
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