Chart Update, page-4316

In the big picture of things 2.1M is not that many shares that were used to start a SP avalanche. There are plenty of Instos who are holding more than 5% which equates to more than 36M shares for each of them. Its still a gamble to sell off your borrowed shares in a controlled burn in the anticipation you are going to buy them all back for a profit big enough to warrant the risk.

Like @blackeyed said its obvious to blind Freddy that everytime a dump like this occurs it amazingly coincides with the NZ Hearld running a scare campain article to give it a kick along. The facts they regurgitate are dated from the 28th of November but they are made out to be current events. If I was a New Zealander I would be ashamed to have a national paper that blatently throws successful local companies and shareholders under the bus for increased readership or web visits or it could be something I am not prepared to spell out online.

No loss for me but how many people have stop losses in place for these instos to make their move and make a profit from it. Can the Instos monitor how many stop losses are in place per company or is it just a educated guess when the SP looks overbought before they make a play ??