LEI 1.67% $20.71 leighton holdings limited

No sorry Kenneth, I trade that structure over and over and over,...

  1. 4,634 Posts.
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    No sorry Kenneth, I trade that structure over and over and over, have done for well over 20 years. It is very predictable right up to the 1.612 extension at 23.14708 from the C leg of the DB. (today's resistance at 23.15)

    The C leg of that structure occurred in 62 trading days. The D leg to 23.15 took 59 days indicating squared equality. The technical structure on this is common and volumes certainly don't demonstrate any major leak. This will be one of the first things Asic look at. I've really only just touched the surface though, there are pages I could write on why LEI ran the way it did.

    I'm sure there was some degree of privilege going on, however there's nothing I can see to suggest it has had any real impact on events.
 
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