Interesting figures on CER trades between 1-5/6/2009. Net sellers include: Comsec 4.6m Etrade 2.5m UBS Warburg 3.21m Westpac 3.2m
Net Buyers include: Shaws 8.2 m Goldman Sachs 4.3m CMC Markets 2m JP Morgan 2m Credit Suisse 1.2m. Pattersons 1m Bell Potter 1m Macquarie Insto 630,000
It looks like the "moms & dads" (comsec,etrade & westpac) sold 10.3m while the "big boys" (goldman sach, jp morgan,Credit Suisse etc) were the accumulators. Also explains why frequently few buyers on bid yet lines get taken at higher prices, large buyers aren't worried about half a cent when they want lines of stock. Guess this post will also generate plenty of comment from the "one line ill researched posters" as usual on this thread. Regards Buffett PS No further comment on this post given my time is valuable unlike some posters on this thread.
CER Price at posting:
10.5¢ Sentiment: None Disclosure: Held