the indicative right now is also only 1.90 because a lot of sell orders in the 1.70's and 1.80's are still in the market...a lot of these will dissapear before the trading halt is lifted once the TPG bid is acknowledged...
in the morning when i checked BBG...there were 900k+ units for sale...now there are only 600k+ units for sale..
once the TPG bid is confirmed by the company or TPG.....we could easily have say 2 millions buys on sale and say 500k sells in the market.....or something more silly like that....
a lot of shorters have to cover their positions....and theres not that much stock to go around.... :-)
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