Well that's my take on today.Some one was clearly in a great...

Well that's my take on today.

Some one was clearly in a great hurry to close or reduce their position.

Is it a coincidence that 5 million shares were added behind the 11 million already on the bid. What was the likely hood of them having any chance of getting filled.

Yes the market ran out of steam thanks to strong selling of the banks but for the seller to be dumping into 10.5 then display another 4 million on the Ask before finally moving the order down to 10c during the closing auction, seems to resemble the careless nature of an insto.

I find it bizarre because clearly if a little more effort had been put into it and the position was fed into the market a little slower, I believe they would have sold the lot for an average of 10.5c as opposed to 10.25 very easily

Yesterdays shorts were 4.12% of turnover (3.5 million)

will be very interested to see tomorrows asx short report.