Given that settlement is T+3 is it possible that we have already seen the worst of the slide in SP as they will have their shares out of escrow and be able to deliver when required to settle? Certainly any of the smart large holders maybe aware they can do this and the broker may allow it so long as he knows they are good for delivery. Just a thought that yesterday and today was due to this action ahead of Monday's escrow release.
FDM Price at posting:
99.5¢ Sentiment: ST Buy Disclosure: Held
