asf, I doubt the 50,763 short shares reported are having a...

asf,

I doubt the 50,763 short shares reported are having a massive impact on the share price. (Imbalance of supply and demand is whats caused it)

Some possible scenarios,

1. Matthews Capital plan on selling their holding on market or via a pre-arranged deal. (hence making them available for settlement)

2. Matthews Capital might be changing custodians and wish to free up the shares from Merrills.

3. Matthew Capital are pulling the shares out of escrow and are buying more to reflect the beneficial ownership of the shares.

4. Mathews capital doesnt want any body to sell short the shares, and its busines as usual.

Remember CBA only increased their holdings recently and with the inclusion of CLR onto the SP300 index it could be Fund Managers are putting through a few Portfolios to adjust their positions relatively the index weighting.

Reading the tape today it wasn't until the afternoon we saw the big bids show up, so I would expect some support around these levels.

There still seems to be supply coming off screen but it could well be the BOTs playing with everybody.


Numbnuts, I understand where you are coming from (i have done my time on the desk), but i doubt liquidity was the reason the QLD FM had to let the shares go and there must be something be serious going on there. Can you name any names?? and how long they have tried to unwind their positions

thanks