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Bullish Event

3,780 Posts.

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14/10/16

09:13

Post #: 19852235
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Originally posted by Cuse ↑

There have been a lot of theories regarding the SP drop over the last couple of weeks. I have had a look @ some of the broker data, which should be able to answer some of your questions regarding the selling.

Firstly, I saw a poster suggest that StateOne might be responsible, however I can confirm that up until 11/10 they are not... In fact, they have added to their already large holding from 30mil to 32mil shares & increased their average price to 3.86c, whilst their buying has slowed a lot, they are still a net buyer. The below data is from the re-listing date util 11/10:

Then I would like to take a look @ 30/9 which is the last trading day before the selloff & the SP high. As you can see Paterson's is the largest seller on that day with 6mil+ & they were not buying at all. The major buyer is retail with some insto's caught in there:

Then we have the big sell off & there is some interesting data in here on 3/10.
Pattersons - Again selling @ an average of 5.7c but then buy up 2mil @ 4.82c
Timber Hill - Seems they were caught off guard as they purchase for 5.7c & offload @ 4.67c.
DeuSec - pick up another 2.7mil @ 5.01c

You will also notice over the couple of trading days above that DeuSec have been buying. In the week below, they sell those holdings for a loss @ 4.32c. Below is the data for 4/10 - 11/10:

Of note, are the brokers buying & the prices they are currently paying. You will also notice the majority of SH's selling are from retail accounts, which means the scared retailer is selling to the opportunistic broker, i.e. 8mil sold from CMC market accounts & approx 8mil purchased by Bell Potter, Australian Investment Exchange & Pershing.

Hopefully the broker data provides some clarity around the recent trading activity & helps you make informed decisions. I don't currently have a view on SYT as I have not been trading it as previously mentioned, just happy to provide insight where I can.

Good luck to all here

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Cuse,on behalf of myself and im sure many others here i would like to say i appreciate your efforts and evaluation of the information you've provided for us as i know its not for free.
Thanks very much,so helpful in understanding whos buying and selling.
With bots being used all the time.on the market these days,the average trader needs something to battle with the machines that put us at an unfair disadvantage.
What you've posted shows me that SYT is on the radar in a big way although i did expect larger amounts of buying this week.

cheers Cuse.

SYT Price at posting: 4.2¢ Sentiment: Buy Disclosure: Not Held
8 Upvote

0 Great analysis

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