Yeah I agree, I would like to know who the big seller or sellers...

Yeah I agree,

I would like to know who the big seller or sellers are, and after having a close look at the latest Top 20 Shareholder list, Aus Ore (Sin Tang) might be the most likely.

I see that JP Morgan (UK) have sold off 3.3mil, but are now exactly 25,750,000 which would lead me to think they might have finished....maybe.

Aus Ore (sin Tang) sold down 1.4mil, but still held 15,019,102 at the 21/04/2011, which was the day after the announcement of the sale.

Other notable changes were...

JP Morgan Aust +58,718
HSBC +631,438
Dale Park (100,000)
Shorelane (488,000)
National Health +200,000
City Corp +724,762
Shayana (300,000)
Cogent Nom. (50,000)

As for the buying by National Nominees Ltd (+2,815,838), a bit of looking on Google (if you trust what you read on the internet...lol) showed they are wholly owned subsiduary of the National Australia Bank and have custody of a number of Funds, in particular smaller company funds.
They appear to also hold shock in a lot of large cap companys including being a major holder of the big four banks.

I also note the trading of Exco has been very interesting over the last four trading days.
The day of the announcement was just a selloff to the day traders & retail buyers, you can see this where the SP opened Low, raced up but closed way down in the lower 50% of the bar.

The next three days show that while there has been a persistant seller or sellers, there is also good buying interest, as the SP has always closed off the day low, if it was just a straight sell down, the SP would close on the day low and have a much wider spread (range).
The narrow spread shows there is buying (accumulation) in the bottom of each days bar.

The volume is also falling each day, which may signal that the selling pressure is easing.

I also note that 15.8mil shares have changed hands over the last four days.

here is the chart

Exco Chart



cheers