Yes it is likely that everyday you have some people selling due to t+3, but in a case where the volume turnover is above average (which is what short term traders look for) its likely that 3 days later you see a pullback, but in gdns case with only 6 million shares going through on fri i dont think it will really apply, however if gdn turned over 25 million shares then the pullback in three days would be greater because very short term traders would have seen it on there platforms radars, jumped on for the run with no interest in the fundametals and hopped off three days later. intensifying the t+3 selling.
GDN Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held