I read it wrong topping up on the open today, it became evident...

I read it wrong topping up on the open today, it became evident early that the buy volume wasn't there to sustain it and that the volume to flush out all the short term holders hadn't occurred on the ASX yet.

UK however has had this flush out of day traders and will probably guide where this stock ends up over the next few days, in my opinion.

I reckon JP Morgan dumped 3m today on the ASX, we'll see if at least some of this is true in 3 days thanks to LRL's great transparency with top 20 updates. Just suspect that their 'Cash Income' account they have was short term and it has recently popped off and come back onto the top 20 as little as a month ago.

Obviously the arbitragers have not been active, this is evident by the disconnect between UK and Aus prices, likely only temporary. Once this comes back into line I think we will see some busy catch up buying on the ASX, should happen very quickly imo.