bullish engulfing pattern, page-29

CJG, brokers are only allowed to lend stock on the above approved list. Up until a few years ago it was illegal to lend stock for sale altogether in Australia. The restriction is to prevent price manipulation in relatively small stocks, and there is a limit on how much can be lent of the larger caps as well.

All very civilised.

Anyway, I agree it is a bit of profit taking and its had a good run. There would be traders who would have been able to build up a huge stake at low prices off a fairly low capital base, and it now looks like they are selling a huge huge stake, but it would have only cost them about $20 k when they bought it. Now it takes lots of traders to absorb that stake as it gets sold into the market. Given that, the stock is holding up fairly well.