RE: RE: Over-Allotment"I believe that both sets or parties viewed the additional allotment as destroying price stability and as a result, agree to shut it down."
Maybe. I don't have access to their thinking, hence my asking the question. Do you? Or maybe the intuitive gift of others on this board is spreading. Faith-based investing anybody?
Seriously, this is plausible too. But why would the additional allotment have destroyed price stability exactly. Market was turning over increasing volumes going into this announcement, so a little over a mil, presumably taken with a view to selling above 6.60, doesn't seem too destabilizing to me. Anyway, assuming this hypothesis is correct, it would also refute the original assumption of several posters that failure to take up over-allotment somehow signalled bad things about the sp. That's my point here.
G