ncp next stop $9.50, page-9

Miles - the rationale for the spike suggestion is not mine but from the article p2 posted - i.e.


The potential fund flows say that is possible, over time. They also make it clear, however, that a substantial part of the buying by US investors will occur well ahead of the probable timing of the selldown by Australian investors.

That could lead to an aberrational price spike at the moment News is included in the S&P 500 and a depressed price - and an invitation to the hedge funds to short News - as local institutions sell out.