I'm not sure I see many cappers, but there look to be a number...

I'm not sure I see many cappers, but there look to be a number of very worried day-traders who bought in this morning expecting a run. I suspect they are facing some unrealised losses at this point.

Of course the problem is that anyone who wants a longer-term position has already taken it. When you couple this with very little insto presence it means there is a lack of buying support.

Unless we get a run, the DTs will have to dump their positions later in the day to as not to hold them overnight.

Contrast this with CER which seems to be having a much more civilised day.