For over the past week the buy side on Commsec has been roughly 40 buyers for 6 to 7 mil shares. there were about 2.5 mil 4c,or there abouts, well out of the market. Yesterday at close there were roughly about 37 buyers at 6.6mil shares.
This morning we opened with the buy side roughly at 24buyers for 1.7 mil shares. All the padding disappeared. Can anyone shed light on this? My uneducated thinking is that for the buy side to change so dramatically that it was an orchestrated move by a single entity that was padding the buy. I initially anticipated a sea of red, so was pleased to see it hold up so well. Thanks
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