m & g selling accelerating, page-30

reading the book is very rarely a profitable strategy. But we can learn some things:

1) as the broker stats and substantials show, M&G are selling hand over fist
2) during the day, they don't show their hand by showing 24,000,000 shares on the offer
3) CDU has looked better bid than offered every day whilst it fell, but it kept on falling.
4) as they say whilst bulldust walks, money talks. We know m&g's position, I see no reason to help them out of it.
5) In these situations you have to take a view of the fundamental value of the company and trade around that. My fundamental value is zero. What's yours?

Regards etc.

HotTuna, CFA.