tpt; please, please wake up!, page-82

Hi ML,

Wont be able to see if DJ's. They clear through Pershing, but so do 7-8 others. But its very likely you're right given DJ's did the option issue.

FWIW, calendar year to date, the biggest NET sellers in TPT have been:
1) Pershing: 1.9m(net)
2) Pattersons: 0.9m
3) Bell Potter: 0.7m
4) Euroz: 0.6m
5) Taylors: 0.6m

On the other hand, Commsec (3.2m), ETrade (0.5m) and Macquarie retail (0.5m) have been biggest NET buyers.

None of these are really 'suspicious' numbers given more than 6 months of trading. But we will now start seeing bigger volumes (like yesterday)...but not for reasons of asset value recognition.

There's 3 months left before X date. Some 25-30m options are still in original hands. Fpds are only trading at 3-5m/mth so many will try to toss Opts at 8-10c or sell fpds at 22-25c. The volume of this activity will dominate the sp dynamics. And then, one for the conspiracy theorists...Instos/brokers would just love to get set via an underwriting of the opts. For this to be really effective, the SP will need to be kept to 18c (or lower) from about a month out.

All guess-work of course. But have seen it many times (and may have done it once or twice ;-)

Cheers,