sellers are losers, page-14

re: massive crossed orders just thru.... It's actually always a good thing when seen to happen as essentially it means that one party/holder needs/wants to get 'out' of the stock for whatever reason, and on informing his/her broker that that is the desired action, the broker/broking house has client/clients willing/wishing to buy the same stock at or around that price. Usually happens in big volume situations when the stock is held by the broker (on behalf of the client) via CHESS arrangement. That way, all parties are left happy without the stock having to reach the market. The broker/broking house win out big because both commissions/fee's are still charged for the 'buy' and the 'sell', but the broker/broking house only have to declare one transaction to the ASX ie. the 'crossed' trade.
wrxsti