finding the floor...are we there yet?, page-82

Westhx

I have no evidence for this, but I wouldn't mind betting that the recent computer driven SP activity is a result of someone like Lodge Partners, getting their clients on board

There is so much retail volatility in this stock. Consider:

In Feb, 19.4 m changed hands - the top 4 holders (who didn't sell) held 22m shares and there were 85m on issue. Hence effectively some 31% of BLT turned over in that month.

Even discounting half for the 'churn' you can see why the computer aided traders see this cautiously held stock as an easy target.

I guess its safe to assume that as more of this computer driven trade goes on, then less and less loosely held retail stock will be available! The traders will still be there, but hopefully the downward churn will get harder and harder! (Maybe!)