redbacka
i really don't want to be rude but look let me put it in the most simplest of ways for you by way of an example of what these hedge funds are doing in packs and via the loophole in the ASX.
let's say i operate a hedge fund and i decide to borrow shares of the custodians of a super fund in which you have invested heavily all your life and are looking forward to using in your imminent retirement. Let's say they are CBA shares and you also have a holding of these shares in the market.
Would you still have no problems with this if i was then to use a loophole in the ASX to borrow your shares from your super to short your shares on the market? Bear in mind the double hit made at your expense ie the value of your super has gone down and the value of your shares on the market, personally held by yourself have also gone down.
zeds
the zed zo-lu-zion
zero debt for all companies.
Great if you want to shop in a barn
Great if you want to live in a cave
Great if you don't value roads, hospitals, education etc, etc....
My home doesn't produce any income yet i was able to borrow 80% of its value many years ago. Now why did the bank lend me and millions of other people money to invest in an asset that wasn't producing any income?
strange that.
ps
You still haven't answered my post from the other day
- Forums
- ASX - By Stock
- CNP
- hedge funds manipulate stock in secret
hedge funds manipulate stock in secret, page-69
-
- There are more pages in this discussion • 59 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
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity