WFL 0.00% 0.3¢ wellfully limited

Stockbroking firms transact on behalf of their clients that's...

  1. 309 Posts.
    Stockbroking firms transact on behalf of their clients that's their business. Comsec and Etrade no different just done online so I dont know why anyone is bagging B&Y for selling a few million recently, as it is their clients that ring up and say i need to sell such and such a stock for what ever their reasons. B&Y from what I'm told have approx 300m shares on behalf of their clients.
    So selling or buying a few million here and there is nothing and not indicative of any pump and dump as some mischievous scaremongers say.
    Some clients of B&Y are traders (albeit short/med term) while some and suspect most are long term OBJ holders. 300m is allot of shares for one brokers client base so clearly B&Y are strong suporters of this company hence the research etc....
 
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