Ann: Open Briefing - Reserves Upgrade and Decembe, page-21

re: Ann: Open Briefing - Reserves Upgrade and... i am not sure about any "downramping", but it seems to me that much of this volume relates to bots or very s/t traders.

as a HC poster pointed out, much of these trades are for small odd amounts, and mutiple trades seem to be executed within one-hundred of a second of each other.

the SP is going up and down more than the skirt of Tilley Divine! (am I allowed to say that?)

i am beginning to believe that the discount of the offer price to the sp is more a reflection of these bots trades, rather than based on fundamentals.

I think most of this volume is simply "churn".

cheers
cheers