takover?, page-14

Bacchus,
dont get me wrong, I totally agree.
And yes, it is mandatory for intitutions to pick up the stock.

However, I did find it unusual that at 16.04 today an order for 3m shares came on the sell side and was being matched.

Then after a couple of minutes, this 3m line of stock dissappeared. This was highly unusual. Was it a change of mind the last minute? I would have thought that if you have 3m of stock to sell, you would have a strategy in place and not change your mind after a couple of minutes.

The only other thing may be that the sell order should have been for 30,000 or 300,000 shares and there was a typo which was realised at the last minute.

Anyway, if anyone could explain this, I would love to hear.