Getting added to the S&P/TSXI'm very surprised we saw that many (8 million) shares trade hands near the close assuming they were all needed by index managers. I would have thought a one or two million would be needed but if that's the case, essentially that means there are 8 million fewer shares outstanding. More importantly, that's 8 million shares taken out of weak hands. I predict that all the big sellers that have kept the stock price down the last few months (except for the Nasdaq run up) have sold all they need to sell at this point. This could have a similar effect to a share buy-back which should propel the stock to new levels ($9-$10) on ANY significant news. I think this is going to be very positive for shares of Wi-Lan. We may not have a big pop on Monday but I think we'll drift modestly higher over the short term. I bought more during this recent pull back and I'm glad I did.
Chi