Logically you would think that if someone wanted a company they would purchase as many shares as possible under the price they are expecting they will have to pay later on.
The other side of the coin regarding people selling is that someone must be buying them up. The question is who or what?
Disclosure rules announcements as stated would not come out till a couple of days. So if someone affected by that requirement wanted to buy up shares without someone knowing directly it was them. Then this would allow them to start accumulating without giving too many signals to the market. Other than what we can all see of course...
ITC Price at posting:
7.9¢ Sentiment: Hold Disclosure: Held
