John,
Not sure it's the instos selling today. ING are out and CBA couldn't dump 32million in 5 days even if they wanted to. (In fact, I'm tipping CBA to increase their holdings once Baker's restructuring is complete). According to Investorweb, 2% of PWR's ordinary stockholders have holdings over $100,000. My bet is that a few of these guys are doing a bit of tax selling today. Notice there are some big orders on the buy side as well. Those brave enough to buy PWR before June30 will be well rewarded in July.
Ousia
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John,Not sure it's the instos selling today. ING are out and CBA...
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