My gut says Watsa might be done buying. Clearly he has had an interest in depressing the share price. He has bought hand over fist the last few months and now has control of 25% of the company. When the convertible debt kicks in, the percentage will increase. Everyone is predicting doom and gloom on the 20th...and maybe that is the case...but wouldn't he of waited to buy until after the ER? Also, these guys are ridiculous when it comes to creative accounting. He can easily make it look better than it is, price rockets up, shorts cover, debt converts and buy JC more time.