I don’t think the selling from the $7 mil instos. They have 120...

I don’t think the selling from the $7 mil instos. They have 120 mil shares. We hardly see the volume crossing 10 mil in a red day. I don’t see them dumping at all. I reckon the sell off is mostly from pip traders and the OC converters who are selling for quick profit. Some people also want to manage risk by selling before the news and buy after the announcement to lock in profit just in case the announcement is negative. I still see it bullish as green day is backed by a lot higher volume and very low volume traded on red days. Patience is needed on this one.