Maybe a little early but would like to see the buy side loading up big.
Other shares that I have owned where positive news was expected & gone into a trading halt , there was an absolute frenzy on people jocking for position on the buy side, not happening here, (yet).
As the buying stopped on the announcement, would indicate (to me) that it was not the 'market' buying but a few individuals with deep pockets
Maybe (still) holding cards close to their chest.
Maybe another suitor taken a position in SDL in anticipation of the permits?
A few late nights here sniffing for some crumbs (anybody fluent in Chinese & want to read the Chinese newspapers as they seem to have their ear to the ground ;)
M
SDL Price at posting:
42.5¢ Sentiment: None Disclosure: Held