I expect volume to reduce starting today until final day of tender. Most people who tendered shares won't pull out shares and then sell.This will make price/volume action interesting in the next 10 days.
T-10 Volume 1.5M Price 21.2T-9 Volume 1.25M Price 21.31 (5/19/2011)T-8 Volume 1.1M Price 21.50T-7 Volume 1M Price 21.71
So far you have been right on the money. I am holding my May 16's to the bitter end hoping to get your predicted $21.50.
less than 1.5M shares and 21.23 close today would convey the tender action.
If you say so, I see the same old malaise. Volume has fallen slightly but not significantly. I think we are up today because the sector is having a decent day. I will be surprised if we finish North of $21.20.
we can gauge volume reduction and determine %of shares tendered by day for the next 10 days. If the volume doesn't reduce, that means most of the shareholders have not yet tendered in their shares keeping the liquidity.