massive volume, page-35

Fellas, i agree that ADY has suffered due to nothing but, EXCEPTIONAL CIRCUMSTANCES.


BUT,

As good old brabus just let us know,

"1 ANZ NOMINEES LIMITED SL CASH INCOME 4SF A/C 232,376,804 22.75"


ANZ STILL HOLD 232,000,000 SHARES


They have been told - and have said throughout all media - that ehy are going to sell them all until $650mn load repaid (if not untill all stock repaid).

I read over wkend that they aren't near recovering the full loan amount yet.


AT BEST, ANZ have another 100mn to sell.


ONCE they are done, Ill be the first to buy.


BUT, with 100mn more to go, i wouldnt chase it up. Buying above 17.5 crazy imo.

16.5 seems to have been good buying. They've been slamming 16.5, 17 and anything above, but have seemed to have drawn the floor at 17 - with a few sells at 16.5.


As ive said, NUMEROUSLY, I feel so sorry for you guys and hope the stock recovers to its glory days. If there are no lingering issues with mngt credibility due to this fiasco, then theese levels are great LONG TERM buying.


BUT ST, with 100mn+ (up to 200mn) ANZ selling pressure in the short term, it'd be UNWISE to CHASE-UP.


And im sure you ALL deep down agree with me.


Best buying to be had will be thurs/fri or later the following week



Cheers guys

:)