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opes prime update in relation to rrs sp, page-9

  1. 502 Posts.
    Yes, a few stocks were in that boat, hlingh.

    Posted this earlier on the general thread:

    re: opes:circular irony (marnice)
    Post: 214887 Reply to: #214882 from pecora Views: 4
    Posted: 29/03/08 08:50 Sentiment: None Disclosure: No Stock Held From: 203.213.xxx.xxx

    New PostPost ReplyThread View Back << Previous PostNext Post >>
    The fallout is huge.

    Skimming through this thread, & from a few others, just some of the stocks that had fire sale crosssings or trading is suspected to have been adversely impacted by Opes:

    HLG - went into trading halt after a dump of 10.8m shares was made at 50% discount to last trading price
    (Article : http://www.theaustralian.news.com.au/story/0,25197,23448118-25658,00.html)

    ATG - Trading halt - possibly related to Opes
    ADY - Ann made re Director Phil Thomas' margin loan with Opes of $2.85m

    BMN - large trade at discount on close
    CFG - as above
    GBG - as above
    UMC
    PLV - large XTSXOS, 50% discount, Tricom (assoc with Opes)
    RED
    JAT
    SPQ
    EBB
    PTM
    FMG
    CDU
    RRS - ANZ/Merrill Lynch main sellers
    JST

    And this list is just a sample.

    Some more articles, may have already been posted:

    Retirees at risk after $1bn crash

    http://www.theaustralian.news.com.au/story/0,25197,23448323-601,00.html

    Opes collapse could reveal a sordid tale of short-selling super

    http://business.smh.com.au/opes-collapse-could-reveal-a-sordid-tale-of-shortselling-super/20080328-227c.html?page=2


    cheers
    Marny
 
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