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Message: Bye bye UBS...

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red911

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Re: Bye bye UBS...

in response to Re: Bye bye UBS... by explorationguy

posted on Nov 05, 09 12:28PM

"The selling has stopped for now and was restricted mostly to one house so I'm betting it was the former, not the latter."...

The selling has stopped but there is still 630K on the ask at 6 cents... would appear UBS position to be liquidated is about 1 million shares large... and that's assuming there aren't more shares to be added once the shares offered are gone...

What I find very discouraging (and I have said this for months now) is that there never seems to be anyone who wants these liquidated shares so bad they will hit the ask with a buy order... these rather large sells also always go through very slowly with the seller hitting the bid throughout the day/week... this to me indicates there is no interest from any 'big buyers' for SGX in it's current state... not the best situation for current retail shareholders that's for sure...

red911

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