s/h info session, page-10

blao.....the reasons

1 Because they CAN......
2 Index is going down so taders will go with the flow and go short.....just in case market collapse.
3 Traders decided to either take a loss or sell to hold cash

Now when the momentum gathers the selling could get stronger
the idea of TLS being defensive was TODAY PROVEN WRONG BY the market...the reason IS NOT IMPORTANT....but the reality IS TODAY SP WENT DOWN........
I personally will hold for the div but that is at this second and my strategy can change any second...there is a chance as always in market that TLS will stay at 2.80 till ex or goes higher or lower so I will make final decision then.
Trading in stock going into divi and believing the stock is bullet proof can be dangerous.....
TLS needs a catalyst to push sp much higher and quicker...
analysts and lots of traders believe it is good value etc etc but if one cant make money as quickly as in BHP or others that move faster then it is not much good.

Cheers,