Hi Sam Perhaps you can ask Nev of CDU as he can produce the following summary.
Trading Black Monday May 3
The "T plus 3" fog has lifted to reveal the primordal footprints embedded into the slime of Black Monday - The day Australia adopted a 40% super tax slug to completely decimate Australia's mining sector going forward. While that may not have been the intention, if it stands in its current form, that will be the result.
Broker Total Value Accumulation Bought Sold Trades
Broker Total Value Accumulation Bought Sold Trades Deutsche $728,200 -83,707 43,304 127,011 333 Daiwa $117,619 -27570 0 27,570 42 Shadforth $121,294 -25820 1,180 27,000 32 Merrill Lynch $193,642 -22871 112,64 34,135 68 Morgan Stanl $160,650 -14846 11,355 26,201 170
COMMENTS:
Commsec and Deutsche Bank shared the mantle of highest Total Values for Black Monday.
BBY was probably implementing the company Buy Back
Deutsche Bank continued their net selling trend which commenced in earnest after the MOU announcement on April 14. In that time they have been by far the biggest net seller even though the selling numbers are not overly large for an ASX200 stock.
Selling After the MOU
408366: Deutsche Bank 142355: Morg Smith 122400: RBS Morgans 68,313: UBS 47,850: Austock 41,096: Ord Minnett 36,728: RBS
Interestingly Commsec bought 963,153 shares and sold 683,018 to establish their net gain of 280,135 shares which involved 1,853 separate transactions with an avg parcel size of 888 shares
Deutsche Bank bought 685,994shares and sold 1,09,4360 to establish their net sell position of 408,366 shares which involved 3,134 separate transactions with an avg parcel size of 568 shares
The above two traders completely dominated the trading of Cudeco shares during that period as is demonstrated by looking at net accumulation and the Total Value of trades to achieve it. The top 3 net buyers and the top 3 net sellers during that period are as follows
Buyers: Commsec: 280,135 =>Total Value of trades = $7,879,367 GSJBWere:134,448 =>Total Value of trades = $1,777,234 BBY: 121,780 => Total Value of trades = $1,917,939
Sellers Deutsche: -408,366 =>Total Value of trades $8,525,719 Morg Smith: -142,355=>Total Value of trades $907,071 RBS Morgans:-122,400=>Total Value of trades $617,455
The data continues to speak for itself eh!
After Wall Streets effort last night, I think I will try a bungy jump today and keep myself away from the internet Cafe's. I have a feeling that it ain't going to be pretty.
Cheers Nev
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