Being long at the moment, I do prefer that the share price rise, but I wonder whether those selling into it are taking advantage of impulsive momentum players or whether buyers "know something" that the rest of us won't until the market has closed. The latter scenario played recently with the Pulitzer refi.
You have stated my feelings exactly. Volume today already above three month average and we're not even at non Eastern, and that's in advance of the Fed shindig that has many sitting on their hands. Which implies to me that the current LEE buyers are long-term investors who don't give a rip about the impact of any impending Fed news. So maybe they do know something. Or maybe they just think they do. Then again, it's possible to think too hard about this stuff, and I'm often guilty of it.