RE: And bid shows it tooIt;'s a bit both, particularly the latter. It's not hard for someone to buy at 29.5 cents with a virtual guarantee of 30. They may not even think that there is a high probability of a better bid, but its an almost risk-free trade for them.
Then there are the sellers. Folks who don't see a good chance of more than thirty are taking there 29.5, on the off chance that this deal goes down.
Still, the buy/sell demand ratio is encouraging.
Piper