Me thinks as the sp rises, these day traders eager to sell for their 1-2c profit will be squeezed out by the serious players (cant happen soon enough in my opinion).
Also, the market is probably just realizing the impact of this settlement, and will probably rise throughout the day (and week) as minor holders are eliminated.
Add to this a Nasdaq announcement for the start of their week and we should see some sharp rises and increased volume.
There are many institutions who are probably wanting to purchase large packets (millions) who have been waiting for the green light.
Given the higher awareness of Applera in the US, the momentum there should pick up rapidly, as will the sp.
There will no doubt be a large amount of media exposure to follow once they get wind of the settlement.
I would expect the details contained within the ASX release are the result of Applera not wanting to be publicly viewed as 'caving in'.
HOWEVER, Im sure Dr J and his team are not limited when it comes to media, newspaper reports and their own marketing initiatives.
We should hopefully see more details filter through as the hype increases.
GTG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
