edit to Lawrence reply.
Why has Linden Supply sales moved fro 70.3mL$ to 73.5mL$ on teh 15th/16th if there have been no supply sales since 13th January?
With the last stated purpose of Supply Linden being Linden$ stability, why is Supply Linden offering to sell at 266L$.
There are 13m L$ offered at this price with 61 sellers. The exchange has traded on the sell side at between 266 and 268 for many days now.
Sitting behind the block of 13mL$ are another 5m L$ at 265.
It would appear that the policy has now changed from one of market stability to something else, ie. target price.
Over the course of the next day we will see how much Supply Linden has offered to sell.
The economic stats showed a figure of 70.3mL$ of Supply Linden sales on Saturday. We appear to have now hit the Supply Linden block at 266 as the figure has now increased to 73.5m L$.
My question is.
Is the purpose of Supply Linden to still maintain stability?
If so, when will you release the 'more information' promised in the blog posted in October, as the evidence over this past few days does not indicate a stability attempt, but a clear desire to sell Lindens, not a market stabilisation strategy
If the policy has changed, where is the notice period you implicitly stated in that same blog? (I accept the notice explicitly states changes to trading limits, but the implicit expectation is the same)
Edit to update Supply Linden figure.
It appears Supply Linden had a block of c 3m L$, this would have taken 90 minutes to sell once the block was met, we now still have 13mL$ at 266, can we assume LL will accept a 7 hour sell through, assuming no one else offers at better or the same, requitres no intervention from LL and whilst you have stated that you do not wish to elucidate on your trading strategy, it doesn't take rocket science to work out. Could you perhaps cancel your sales offers when they are evidently not necessary for intervention, when under normal trading, blocks on offer will not require a halt to trading under your stated terms.
This in simple terms means 20m L$ on offer within the 10% range. Any greater intervention than this is aiming for a target price, which fairly clearly seems to be 266. Which is counter to your stated policy.
Clarification on the blog would be very useful as this has relevence to my query on paying tier in L$, which has remained unanswered.
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All the best