trading activity of recent top 30 entrants, page-3

Scorpion,

I suggest that you call your broker as you dont seem to want to listen to any posters here.

The Commsec nominee account is a perfect example. Any T+3 buyer of CDU at Commsec will after buying have their shares sit in the Nominee account until they pay.

You are missing the Commsec July data. Cant you see that for yourself? The June close on that account has 153,392 shares and the august open is 33,968 shares. Now how is that possible if as you say nothing happened in July?

Most buyers buy on T+3 and therefore most trades ( unless they are just day trades) end up in the Broker nominee account for 3 days. Look at this example and check it with your broker.

EG Say that I sell 100,000 CDU and you buy them on a T+3 basis through Commsec. Here is what happens at the registry:

ZZedZZ account 100,000 off

Commsec Nominees account 100,000 ON

Note that by an ASX rule the shares cannot go to Scorpion until they are paid for. Thus they get held in the broker account.

3 days later after you have paid, the following transactions process against the register.

Commsec nominees 100,000 OFF

Scorpion account 100,000 ON

Even though the two actual participants in the transaction were you and I, the shares sit in the Commsec nominees account for 3 days before they get to you.

That is why the broker accounts look very busy when the market is busy.

Its clear that you have not taken my previous advice to talk to a broker as you would not keep getting this wrong.

You do all of your readers an injustice by suggesting that there is something unusual going on.

Please point out to me where i am wrong in the above share registry movements that result from this theoretical transaction.

Please go and find your missing July data for Commsec so that you can show the values balancing from one entry to the next.