re: merrill lynch goes to 13.45% One SS post says: “PSV is a CFD tradeable stock with CMC and others so there could have been some buying of CFD's”
This is a mystery to me --- but makes some sense.
Stock borrowing and lending – I’m not to sure – I thought you borrowed a stock to short sell – but I don’t know.
As for Merrill’s holding --- I tend to think the 8.5% and 4.96% are the holdings of the subsidiaries of Merrill – and together add up to the 13.45% held by Merrill Lynch and Co. – the holding company.
The figure of 26.91% is double counting, I think ......... 13.45 * 2 = 26.9.
I too would like to understand page 5 – maybe someone should ring PSV.
PSV
perseverance corporation limited
