im out, page-3

Sophisticated investors usually do not just dump their stock right after they get it. They hold for the medium term at least.

Also, the placement has already been factored into the price, or at least 2/3 of it since the other 10 million will be subject to shareholder approval while the 20 million is for certain already.

Also, one should observe the strong buying in the last hour or two on Friday, and it closed on the daily high as well. All signs of the sp going further forward in the near future. The drop in the dow has more relevance to blue chips so ARE shouldn't be too phased by it.