i am lost, page-20

Think about this, the market makers would have tested demand as soon as they could have and would have known if someone wanted to buy the moment it listed, this would have resulted in the ASX SP being bid up over the past few days.

Until yesterday, the only people buying and selling were retail, which is why you see 1mm shares clearing out levels, something you don't do if a pro is working the order. The ''bots' were sitting on the bid absorbing what liquidity they could and trying to entice more to be offered i.e safely accumulating.

They didn't need to let go of what they were holding in the US, which is why they selling at 16. Mostly in the hope that anyone who bought looking for a ST profit will dump on the ASX today, where they will be waiting to buy!

So don't fall pray to people who do this for a living, wait a couple days and we will see more of an orderly market on Nasdaq.