recent downwards pressure....

Hope everyone is having a fine day. Just observing there has been consistent downward pressure on the SP for the past week. Can look at this positively as some tree shaking for a big player to acquire more given low volume...

or

Can look it as worse than expected results coming our way. I guess we will find out in the coming days.

I will say I have been a little concerned by this downward pressure, however I have held. The main reason for this is the lack of any spike in SP prior to the recent TPG approach.

As a sceptic I'm always looking for indications of insider trading, given the lack of a pre-offer spike I feel somewhat more comfortable than I may otherwise in the circumstances.

I like to think that the low volume and downwards trend is an indication of profit taking and an inclination by most to take a wait and see approach to the big strategy ann.

Anyway hope we are all very happy next week.

Cheers,

JB