General discussion, page-12634

Just a few thoughts re the large 6.1 m LT XT cross on Friday given some speculations made on the forum recently.

I don't think there is any relationship with news re the Index admission later this month. Very few companies on that list had any any late crosses. Joining the index is a bullish event in any case.

Re shorting, don't see it. Always a chance that a broker may be acting unscrupulously/illegally but they would be running a career ending risk if ASIC gets on to them.

Bearing in mind that an XT is a crossing between broker entities, the price point of these transactions may be influenced by book balancing/tax/swaps etc... It may be an advantage to have a lower price point for example. So worth bearing this in mind when thinking about the SP. We also don't know the mix of retail versus funds/big buyers/market makers. Unfortunately investors get caught up in the movement of the day and don't see the full picture until after market - by then, they have given their stock away with no time to reflect on what may be occurring.

I will not be surprised to see a good bounce here. The SP was trading quite nicely circa 66 with a late pushdown - have to be wary of price volatility when we see larger players dominating the volume of the day.