u bid gone, page-3

Hi,

I have watched very closely, every trade done over the past two days, my assumptions are--

Yesterday, as the sp went into panic mode, the U bid came in at 47c, waited awhile, and when traders saw that, some support returned, later he moved to 48c, still sitting 1.5c off the bid, some 12.5 million went through, and in large clumps, late trade saw recovery to 52c, he then moved to 50c, and sat there for most AM when the bid 721.000 @ 53c was sufficient to withdraw mid morning, as these began to get hit and the sells at 54c suddenly got added to, I sold at 53c, then one minute later the support disappeared as it went pre open, I think that a major has exited.