november short term trading part 2, page-172

  1. 599 Posts.
    Not sure if this has been posted, article in The Age on Saturday.

    May explain where some of this supply has been coming from, not sure if it is good though?

    http://www.theage.com.au/business/bad-week-for-buyers-as-sellers-make-the-most-of-their-options-20111125-1nz8w.html#ixzz1et0Jj3VT

    First up was David Hannon, a non-executive director and interim chairman of Atlas Iron, a West Australian iron ore producer.
    Hannon exercised 500,000 options at 70¢ apiece - $350,000 - and sold 800,000 shares at $3.06 a share, collecting more than $2.4 million.
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    Atlas scrip closed yesterday at $2.86, which was not exactly good news for the buyers of the shares.
    Faring worse were the buyers last week of 2.5 million shares sold by Atlas managing director David Flanagan, who collected about $3.11 a share.








 
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