From my understanding the rebalance doesn't occur till the 17th - after market. These rebalances occur quarterly without much impact to the share price.
The difference with this one is it's very large & GDXJ holdings of particular companies have changed.
Funds & institutional traders are playing games after the announcement, so shorts have increased - with BDR over 7%, SAR is over 8%. There's a shorting frenzy.
Low trade volume that's why the price is stuck. If POG continues up, & company specific news flow is sound to good, the shorts will have to cover sooner or later & the share price can move on fundamentals.
We will know more after the rebalance.
I hold BDR, RSG, SAR, RRL, NST, EVN, GOR, DCN & I feel the frustration...
2 more weeks...
- Forums
- ASX - By Stock
- BDR
- VanEck Selling
VanEck Selling, page-5
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BDR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online