The market for LPD since 11:05 am has quietened late morning and...

The market for LPD since 11:05 am has quietened late morning and mid-afternoon, this appears to be the usual trend for it, particularly in the last few weeks.

However, what has turned significantly is the BUY and SELL orders:
# 96 buyers for 37,794,697 units
# 129 sellers for 39,159,034 units

The net value difference 1,364,337; this compared with the many teens of millions over the last few days and weeks. Sometimes buyers have been outnumbered by seller volume in excess of 20mill plus.

Therefore it is encouraging to see this turnaround, especially in the face of GXY latest actions in regard to its reduction of its strategic holding. Another point is, how much of the turnaround is due to 'effective capacity' to buy or sell. Has the Sell-side pulled a lot of the phantom orders in fear that they may be filled. And , Buyers, have they placed orders in a range where they are very unlikely to be filled. In respect to the latter point it is encouraging to see the 1.6c order to buy filling out now 1.42mill @ 2:21 pm (reduced from 1.8mill).

The big question now is will there be a late push by the bears to push the close back to 1.5c, they may use those shares they may have purchased earlier to clobber the buy side. It's still a very tentative time and the bears would like to get the price down as low as possible to fulfill their motives.