scenario 1
Yesterday over 25% of shares traded were short sold,
so it could be the big boys shorting, so they get
more sellers, triggering stop-loss.
WTS i would say at a guess, they are shaking the tree
before the company starts mining later this month,to
accumulate as many shares as possible.
Scenario 2.
With UBS the investment banker, selling down last month
they could be selling also, on the 25/9/12 they lodged
a change in their substantial notice to the ASX, they
reduced there holdigs from 8.07% to 7.07%, which
equated to 1,1636,507 shares.
After UBS announced yesterday they were terminating
10,000 jobs world wide in the Investment Banking
they could be still selling, it is only a guess, it
seems they could be in a bit of trouble financially
after watching The Business last night on the ABC.
I have grabbed a few more this morning, and I hope they
go down a bit more, to grab some more.
And I hope these shorters get caught with their pants
down.
Cheers.
Simmo.
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