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rheddle

09/30/08 8:24 PM

#4196 RE: Chiron #4192

Goldman Sachs was the dumper yesterday and today. After 880 million yesterday and 450 million today, it was evident at about 3.30 pm that GS backed off the ask and started bidding. The price moved up swiftly from this point.

As institutional investors held 65% of the OS (1.1 billion of 1.7 billion), then taking today's and yesterday's volume and a chunk of the volume that brought it down before the halt last week, the GS move off the bid makes it look as though the institutions are out. Even if they are not, they have to be darn close to it IMO.