Until that major holder who is dumping through Cboe (formerly...

Until that major holder who is dumping through Cboe (formerly Chi Ex) have unloaded all their stock the SP has no chance of recovering and will only keep getting beaten down.
Have a look at this mornings trading so far. As soon as a sizeable number (approx 500k) of buyers occured at 24c and (approx.1mill+) 23.5c they swooped @ 10.14.05am and cleaned out all the buyers and then @ 10.48.0am they cleaned out new 23.5c buyers and most of the 23c ones.
And then @ 11.06.46 they took out the new 23c buyers and many of the 22.5c ones.
As soon as there is a sufficient number of buyers @ 22.5c or 23c they will swoop again. It's anybodies guess how much longer this will go on for.