merrill places buy target $5 - last at $1.98, page-19

Rooster, sorry have watched on market and forgot to look at hotcopper. As the announcement said its Capital corp. They have around 11m left and thats at 4 August. The bounce seems to be that they have a minimum price - I would have said that A$1.80 up until friday but today the price seemed to be A$1.79. The problem is that there has now been a sustained excess of sell over buy for some 10 trading days and from 31 July its been trading above 1mill shares per day from around 200K with one low day and friday 7 was over 2M. Today 1.3m.

In a share like this that's the same kind of force that pushed it up to over 2.20 but its having the opposite effect. The major volume player does not seem to push it down hard the smaller parcels offload lower and it drifts around. If they are still selling I reckon we are going to have another week of this before the book is balanced again. Always assuming the punters dont take flight with this heading down against an up/ sideways trend.

Cannot see anything that would justify this volume outside of someone large wanting to offload.