buy at the moment is madness

I am staggered at the number of small parcels being bought of this stock, around 1400 today, 900 odd yesterday and probably more up till tuesday. I assume they are all buying to get into the share offer, if that is the case a scale back is almost certain. If this is the case, it is likely that the small holders will only get a fraction of their 20,000 shares.
If you are holding a considerable number (as I am), you may be better selling a proportion off now at the higher price. One would think that after the 11th, the share price is going to start dropping and you could be in a position to re-establish your holding at the cheaper price. I am banking on the price dropping to at least 38.5, but given inertia of the fall, it may go lower.
The only thing I am concerned about is the large number of people sitting on their small pacels, it may cause a liquidity problem and if the company released some spectacular announcment the SP spike through lack of available shares.

Just my opinion, sold half my holding today, and depending on the sp in the next few days I may sell some more.