Who were Wednesday's sellers?, page-29

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BobbyKennedy

7,556 Posts.

1776

09/09/19

17:19

Post #: 40361382
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Originally posted by bedger ↑

Alby,

You are quite right I am getting worked up. Mainly by guys like you putting up misleading information (that's apt to lead people to poor trading decisions) rather than useful information. If people relied on your first post for instance, they might think that Andrew Callahan quit the company and sold all his shares and understandably sell their holdings on fear of insider selling (don't panic people this didn't happen).

For the umpteen time. Callahan was managing 7,500,000 odd shares for AusSuper and was required to register it as an interest. He DID NOT SELL that amount of shares. He transferred the shares to Aus Super as was well flagged by company statements.

I am surprised you say it doesn't matter who sold the shares (with of course the 'Harry Hindsight' vindication of an uptick today). Surely you have some interest in the considerable increase in short selling on the last price spike (nearly 1Mill shares short-sold Wednesday/Thursday - much of which bought back) - the increase since June will affect my future trading decisions. Are you not the slightest bit curious regards a 20% spike on good news ended in the stock to eventually closing net lower last week? Surely IF you could perhaps see institutions who bought into the cap raising at 40 cents selling even lower, it might give you some pause for thought that you might have missed something in your stock analysis? You obviously don't really subscribe to Odean's loss-averse and over-confident retail investor theories, or Barnatzi and Thaler's under-diversified theories?

In the end you are guite right though Alby, so I went and got the information myself. For anyone who is interested in the main participant sellers on Wednesday, loosely:

Open Mkts 3 million;
CBA 2.7 million;
Credit Suisse 1.5 million
(all on market - no special crossings)

Apologies for venting my frustrations everyone. Will limit my contributions to more informative posts only in future.

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Bedger the broker data you posted means nothing without knowing the beneficial owners. CBA CommSec and Open Markets are retail brokers so that’s likely just day traders.

Back to square one trying to work it out. I’m afraid you won’t unless you can convince OCC admin to provide a detailed transaction report - which they can - but they won’t.

OCC Price at posting: 39.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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