HDR @ buys want 170,000 at open, page-11

Chinguetti

You are probably right - short term traders selling after some serious buyers pushed the price up very quickly. In my experience when big buyers go in they buy at whatever price - lets say they started at 85 and kept buying then their average would have been 86 or less. I wonder who they are - it would be interesting if the buying was coming from Intersuisse or Hogans (the "inside" brokers).

Anyway its encouraging to see serious volume at this late stage at a higher price.

Cheers

H