IF Patto's are buying then they will use bots as per tpg's explanation - the big boys rarely reveal their hands unless they are caught out one way or the other. Look how MSCI Index Small Caps added to the list as of Friday did - large volumes and falling SP...
ATM too there is no real rush to buy up in large chunks as production and cash generating sales are some 3 months away......
As you rightly point out if someone is selling the other side of the trade is someone is buying.
If this involves the short end of town then there is no need for any notices re changes to holders - no? Last week we saw shorts decrease by something like 20Mill I think from memory.
Market Depth is only an indicator and not very often a good one at that.
The thing is I try not to get too bogged down in the details as like I said it can do one's head in.
The main thing is that SOMEONE is buying - when they let the lid off - then we will see some nice rises I hope:)
LYC Price at posting:
64.2¢ Sentiment: None Disclosure: Held
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