In general it just seems retail is really getting hammered by...

In general it just seems retail is really getting hammered by the market currently.

Adair’s SP has followed DSK pretty closely of late.

The other thing that could be going on is initial holders still getting out. Catalyst buyout fund I think it was had a lot shares come out of escrow a while ago.
Previously they had been selling out of their position when shares came out of escrow etc but they never sold these recent ones. The share price had dropped a lot just before they came out of escrow so i thought they may be waiting.

It’s interesting the falls the SP has had previously have largely been driven from large initial holders getting out such as Brett blundy etc. Its just been too many shares coming to market at once.

I think there could be good buying over the next few weeks as from a TA view there a fair bit of downward pressure currently.

I think the sales will boom over Xmas and will hopefully see a big jump in SP once those figures come out.