the sting

Well we now know what Morgan Stanley has been up to.
Let's look at these trades and the sequence
Last notice 20 sept ms buys 4.7m @ 1.33
New notice covers to 25 October and needs to be made within 5 working days of a change in holding and then a further 2 days before being notified to the asx which gives ms 7 days to start selling before anyone knows what's going on.
So away they go
20 oct 11.3m
21 oct 11.4m
22 oct 5.4m
25 oct 4.7m
Now away they go again which will be covered by the next notice
26 oct ??
27 oct ??
Tommorrow??
Judging by today's record volume of 65m shares and yesterday 40m IMHO They may have sold another 30m to 50m shares especially today to get in before they have to disclose their hand.
If this is the case they may be down to 8% by now.
Wants the game?
It's easy when you have deep pockets buy big up to 1.35 and then start selling at 1.70 plus heavily for 7 days before you need to expose your hand.
IMHO this game is largely over as they will not sell much below 1.35 as they will wait for the share price to recover on lower volumes after the selling stops.
Who are the winners well ms are and the losers are all the shareholders who purchased above 1.35 and sold out at a loss as well as those who have now sold out prematurely spooked and margined out of their shares by the heavy weight ms in a small cap stock like lyc.
Has anything changed apart from this? No as evidenced by molycorp still at record highs a re price that continues to rise and a genuine shortage of supply.
Also don't rule out that ms may put these funds into the aru placement which will be at my guess $1.
Also don't rule out ms turning from seller to buyer again when they decide the stock has found it's resistance and support which ain't far off and away they go again taking money off all the shareholders who sold on the way down. This is what the big players do and it's legal and as they have this huge 7 day window they can make a killing both ways.
So sit back relax sell whatever you can and get ready to jump on once the selling stops which ain't far away I think.
Good luck to all