Nasty, I'm no expert on investment banks but I did glance at that ann' and saw MS borrowed [for a small fee] about 5mill. shares and then MS bought over 6mill sh's , [costing 68.01c each] so I guess they have been shorting ROC till the cows come home.
Didn't the sp fall to 67.5 in a market downturn?
Was that fall aided by MS short selling?
I guess MS saw the much lower POO and the downturn in energy sector sentiment as an opportunity to pick up a guaranteed $100k minimum in a short turnover time.
After all, if they end up with about 10-11 million extra shares bought around 68.01c, including brokerage, they can offload them without any brokerage cost for 0.99c more [69c Fosun TO offer] whenever they want.
Then they can return those 5 million borrowed shares or keep them for a small fee and play more games for about a half cent gain or so.
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Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $308.8M |
Open | High | Low | Value | Volume |
19.5¢ | 19.5¢ | 18.5¢ | $165.0K | 867.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
51 | 1304759 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 1387455 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
51 | 1304759 | 0.185 |
26 | 1682928 | 0.180 |
12 | 754119 | 0.175 |
13 | 444920 | 0.170 |
3 | 46060 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 1340906 | 16 |
0.200 | 1810541 | 19 |
0.205 | 1147097 | 15 |
0.210 | 1251703 | 10 |
0.215 | 362266 | 6 |
Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
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