This information is only up to 25th oct,but it will give a fair...

This information is only up to 25th oct,but it will give a fair indication as to whats happening with our share price re our major shareholders..and perhaps an insight to next week.

As we know,there are 11 divisions of Morgan Stanley involved with LYC of which only 4 are actively involved.

The largest is MS Management Inc..New York.
They hold 98M shares through HSBC Aust.nominees
3.8M JP Morgan nom.
10.4M National nom.

They have only made 3 buys (largest $4.7m) and 3 sells..largest 1M


2nd is MS International..London.
52.7 M shares through HSBC nom.

They are active to a degree (20 trades) but minor amounts..largest buys..$390K-$276K...largest sales $119k-$104K

3rd is MS Investment Advisors Inc..same building New York
20M shares...HSBC nom.
Only 4 minor trades.

The above 3 have traded under their own entity..and on face value one can presume they are solid overseas holders.but this is where the smoke and mirrors come in.

MS Australia Securities LTD ..Sydney is the go to boy.
They are the most active, trading under their banner.
They are obviously the trading arm for the 11 listed divisions and would account for a lot of the XT,s and portfolio transfers.

They have traded over 40 times from sept 20-oct 25..(almost as much as QT..:))

Largest buy.$2.6 M
Largest sales..$1.1M...oct 14
$11 M.......20
$11 M.......21
$5.4M.......22
$4.7m.......25.

Thats about the 30 m that reduced their holdings from 215 M to 185 M...or 13.03% to 11.2%.

LYC knew this was going to happen by the 25th oct..as they had been notified by MS on the 21 st sept.

From the 21st sept-25th oct..SP went from $1.22 to $1.66.

So the 30 M had been sold and price was still $1.66.

Had only dropped 4c ($1.70) last 4 big selling days.

You can see the picture how manipulation works.
They do one decent buy..$2.6 M and lots of smaller trades to help push up the price to their valuation ($1.71)knowing they were going to sell 30M in 4 days..30% gain in a month and 5 days.

So are we looking at another $1.22 to $1.70 set up...or $1.30-$2.00...we,ll know better next week.



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