philips - change in focus, page-13

Oh please andy! That comment is a bit rich even by your standards.

Good to see the liquidity volumes in the SP churning over. There is a risk that vol dwindles to a point where MT TA and Instus buyers would look to that number and calc their "Parcel Size" exit risk. Yesterday saw Chi-X running at 40% of turnover - with a 1/3 of the prior day's uptick exiting - consolidating SP VWAP and support levels. Ranging is ok here - while we wait - JIMHO.

Nice fiddle on open today to check movement - but appetite clearly still there at current SP. NB: Interesting size of the very next combined parcel.