"Why have we had the second most high volume in the year selling down on no news?" Precisely because we have had no (good) news and some have interpreted Vaughan Wishart's departure as bad news.
Also 30 year anniversary of the 1987 crash might have been "coincidental" bad timing for LNY.
If you follow horse racing, just see what happens to horses' odds when they don't race (news). Horses that were $4 in early markets and have not raced since (news) can now be $33 and vice versa, just look at what happened to Johannes Vermeer's odds before the Caulfield Cup. He was $51 three weeks ago, ran second and promoted to $4.50 hot favourite.
Punters LOVE news and react quite dramatically. But, they HATE no news.
And using that analogy, LNY fits the bill perfectly and hopefully, with some good news (ML grant) the punters will react dramatically as they always do!!!
"Why have we had the second most high volume in the year selling...
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