it is probably connected to the balancing of portfolios. With wlf increasing so strongly over the past 12 months the shares would become overly dominate in a balanced portfolio.
i, fortunately, do not own a balanced portfolio. wlf makes up 90% of mine so I will be having a very happy christmas.
i see strong upside for 2006. i do not believe people( and institutions) have appreciated the demand for digital music players, or digital media in general. short term: music, long term: films/telly. wlf are perfectly placed to benefit.
when i go to partys there is no longer an array of cds, there is just one sleek black ipod plugged into an amplifier. if i were a dj, i would be worried. as a wolfson investor i am a happy man.