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gus63

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28/09/17

03:01

Post #: 27504966
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Originally posted by Bullant ↑

since the 20th of September, Morgan Stanley have sold just over $1m worth of stock. from what I understand the selling is not with the institutional desk (hence no crossing or cant match up a buyer with the seller), the selling is handled by another part of the broker that help with what is called transitional selling. hopefully i can explain...when big money changes portfolio managers (due to poor performance) sometimes they don't get the cash back (as this is costly selling back to cash) they rather get the portfolio of stocks. when the new portfolio manager takes over , they use a transitional desk to help make the portfolio the way the new manager wants it. normally it means small cap positions are on chopping block (stocks not familiar to the new manager) and FAR wont be the only stock the transitional desk is selling in this portfolio. So its good to know the reason why the stock hasn't moved of late (with oil price).... I believe because of this.

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he good part is we have had an Iceberg buyer at 7 and 6.9 for most of the time and have sucked up most of the shares up for sale

FAR Price at posting: 6.9¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 50.0¢		Change 0.000(0.00%)		Mkt cap ! $46.20M

Open	High	Low	Value	Volume
50.0¢	50.0¢	50.0¢	$75	149

Buyers (Bids)

No.	Vol.	Price($)
2	107344	50.0¢

Sellers (Offers)

Price($)	Vol.	No.
51.0¢	314713	4

View Market Depth

No.	Vol.	Price($)
2	107344	0.500
2	32029	0.495
1	38794	0.475
1	42553	0.470
1	3000	0.465

Price($)	Vol.	No.
0.510	314713	4
0.515	23257	2
0.520	338616	8
0.540	451	1
0.550	2285	1

Last trade - 15.19pm 11/11/2024 (20 minute delay)

FAR (ASX) Chart

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