thursday dodgy trading, page-11

Sera,

Yep, not much bang for so many bugs. I wonder though whether it might have anything to do with the GM IPO. If the news report are correct and the IPO is indeed 6 times oversubscribed then doesn't that mean somebody sits on ~150 billion of spare cash?

I think we see something similar today in our market. Once the book building for QR national has closed and the funds know how much cash they need to pay for their lot, the remainder will be re invested .... or the outstanding balance sold.

This is obviously only a theory of mine .... pure speculation.