blocking sells on the sell side , page-8

"What's being blocked?"

Molly - the share price from going up, so that a conniving potential buyer (with stock) might be able to acquire further stock at a lower price.

one of the list of considerations when buying shares in a stock is to study the buy/sell quotations. if a potential buyer is faced with a mountain of large sellers against him then his reaction would likely be to either not to bid or perhaps bid much lower - so advancement of the share price is retarded.

blocking bids placed just above the market price are likely to be the most effective - although too close and the bid might get taken out. its a game which is more obviously being played on another stock which i hold.

"placing bids for one day" - not sure you can do that on commsec unless you manually cancel. seems to me unusual, but I can understand the valid reasons you suggest.

GK.