If the Catso 123 post on April 6 titled rearding PP is correct then this would make your assumptions very plausible. Most of the small cap fund managers you see on BNN are looking for home-runs to make up for their misses. If nobody took more than 10% of the PP,the danger of a quick take out is lessened. I would think that DP wants to make this his own homer as opportunities like this do not come along very often.