ML173
All margin lenders will be reviewing their LVRs as at 31/3 so I agree with suhm
I am puzzled by your comment "It looks like a major holder(s) are selling and testing market liquidity"
Of course you could be correct with your assumption but why couldn't it be a whole lot of margin borrowers feeling threatened with a margin call rather than a "major holder"?
Cheers
Ann: Manora Update - US$27 Million Default of Northern Gulf, page-65
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