We will be rich Longs!!!! (within 6 months) This is a tell tale SIGN. MM's are pushing this and will be for a good buck or two.
Rule 13d-1(b) exemption was to permit qualified institutional investors an exception to the ordinary 10-day disclosure requirement where the investor is acquiring securities for passive investment or ordinary market-making purposes as part of their routine business operations (such as stock exchange specialists and market makers). The SEC's order makes clear that the exemption does not apply when investors acquire beneficial ownership of securities with the purpose of influencing the management or direction of the issuer -- such as acquiring securities for the purpose of voting in favor of a merger -- since, in the SEC's view, such activities are not in the ordinary course of business.
Read more: A cautionary tale - The Deal Pipeline (SAMPLE CONTENT: NEED AN ID?) http://www.thedeal.com/magazine/ID/028943/community/a-cautionary-tale.php#ixzz2KsnfhkYG