guru's read - 10+ levels of buying

10+ levels of Buying:

1. Shorts Covering ....squeeeeeeeeeze. Shorts under $1 have to cover, shorts under $2 lock will lock in profit. Massive squeeze.

2. Local Institutions who sold on admin risk, will buy it all back

3. Hedge Funds (event and arbitragers, local, global)
in the morning and afternoon especially

4. Local and Global Retail buyers who like the bid
especially millions of Chinese Nationals with offshore accounts and many HK HNW buyers through Hong Kong at around midday

5. Offshore Institutions - Needing & wanting exposure

6. Local and Global Safe Haven buyers as OZL has 82.5c Cash offer on the table. Mostly Risk free.

7. Daytraders

8. Index Buyers .....at $1 they kick in big time.

9. Counter M&A Bidders trying to gain sizeable stake...BHP and others Xstrata/Glencore ???

10.Existing 130,000 OZL shareholders increasing and or averaging their stakes. Including Minmetals.

OZl is a rare stock on earth now in the GFC as the Stock is "De-Risked".

Peace.