It seems that the majority of trades today were by T+1'ers i.e. folks buying on zero deposit and selling on same day hopefully trying to make a profit. This would largely explain the rally to 21.5 and then smack down to 17c. I know Commsec offers this facility. Do any other brokers?
Can somebody with access to IRESS confirm whether most of the buys/sells were commsec clients? Thanks.
