I can relate to this as I have been appearing on both side of the ledger all last week and I simultaneously sold and bought shares in some stocks to take a tax loss (to minimize my CGT for this FY).
Unlike the months leading up to the announcements to the takeover, WNI has been destroying the sp and effortlessly buying up as those silly buggers saw fright and took flight.
Now, I am 100% sure the WNI associates are trading among themselves at this level (suppressed to $1.9 exactly for this purpose just prior to the announcment of the May 31st extension) to create an illusion of sizable volume changing hands.
Don't be fooled.
Anyone who see the latest extension and still sell at this level is either a WNI associate or they need to have their brains examined.
BRM Price at posting:
$2.37 Sentiment: Buy Disclosure: Held
