If we close above 167million shares traded it will the the largest trading day on SDL.
The previous 167m was on the announcement of the potential takeover by hanglong... And obviously the 400+million that was traded the day that hanglong bought its initial stake after market close.
Nothing has really changed for SDL, alot of us didn't want a takeover anyway, this could potentially make that happen, all the sellers are those who were accumulating the 'sure thing' to make their 10% when the takeover would be made official at 50c.
Well i guess this makes things interesting though, is the insider trading to do with the buying before the announcement, or the selling of stocks to accumulate shares at artificially low prices.
The bloke at Hanglong might want to watch the movie "Wall Street" while he waits..
SDL Price at posting:
40.5¢ Sentiment: LT Buy Disclosure: Held
