Harbinger Capital Partners is apparently selling down quite a...

Harbinger Capital Partners is apparently selling down quite a few holdings:

http://business.smh.com.au/business/cba-keeps-a-cool-head-as-home-lending-heats-up-20090601-bsym.html

Investors in companies in which the New York hedge fund Harbinger Capital Partners has a large chunk of the register may want to keep alert for potential movement.

Not only did the US group sell 9 per cent of Fortescue Metals to China's Hunan Valin Iron & Steel a few months back, but last week it sold 19 per cent of the appliance maker Breville
.
In recent months Harbinger has dumped some other Australian holdings...

If Harbinger is selling down its entire PVE holding - another 14% to go - that's likely to keep the share price capped around $1.50 for quite some time.