Bad result for this fund manager (90% capital loss) but anyone wondering about who drove the SP down today with those constant off screen sales, need look no further now.
Should be interesting to see the price action & volume tomorrow because it appears this fundie sold nearly 80% of today's volume. Seems a strange way to prudently manage OPM. As the rush to get out sent the days Close down 20% from the Open due to relentless off screen selling that seemed to squash every min rally.
Maybe their right.............. but I am expecting a 25% bounce for this one tomorrow ; unless there's another sub holder out there who thinks they must sell all their > 5% holding in one day. However that will surprise & disappoint me if it occurs?
PS If I am wrong tomorrow , going to be heaps pissed off because thats my lunch money in their now at around 8c !
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