The broker reports from bloomberg are telling an interesting story. I posted a couple of weeks ago that I believe SHK as been selling though Pershing Securities. This was substantiated by the recent top 40, seeing SHK having sold 18 million shares recently.
However, Pershing has been absent for the trading volume for the past couple of weeks......UNTIL Friday. Friday they accounted for 6 million shares of volume, and yesterday they were 4.5 million shares. I think these were the large lot sell downs we saw in the past 2 trading days, and the continuation of the SHK(TAM related) selling. I think they have just over 10 million shares to go.
Here's hoping we are at the end of a long winter....I think that Summer is coming :)
anyone expecting news today?, page-64
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