There can be a number of reasons for shorting or playing pass the parcel. Usually, to use negative sentiment during a time of uncertainty to keep a cap on the price during accumulation.
Lehman Brothers have been using an automated trading platform to sell small parcels on a daily basis. The value of the shares represent a spit in the ocean for Lehman's, but the negative sentiment it produces is priceless. The illution of a big seller with an unknown quantity to sell can do untold damage to a share price. We also know associates of Firebird opperate out of the US.
Firebird continue to accumulate and have not sold any shares since coming on board. They even hid their holding accounts in Citicorp Nominees to try and hide their buying.
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
