WA1 0.27% $14.97 wa1 resources ltd

Fat finger just before the close. gotta love that.Would annoy...

  1. 14 Posts.
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    Fat finger just before the close. gotta love that.
    Would annoy Regal big time.
    My read on todays trading: Regal continuing to sell down in to MSCI on Friday.
    A small insto buyer (maybe 100k shares) pops up around $19.50 level.
    Every broker (particularly Macquarie) kisses Regal on the dick.
    They roost the stock up to $20.25, tell the buyer there's only one seller (Regal) and make up a dreadful sob story about how it's amazing liquidity.
    Macquarie insto desk crosses the stock.
    Stock then falls away once demand is exhausted- very standard Regal behavour.
    Fat finger before the close. Some broker probably has an error.
    Regal offering size on the close to jam it back down.
 
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