What a hive of activities Morgan Stanley’s been doing hiding behind Mitsubishi. Borrow buy and sell and return. Morgan Stanley’s been shorting like there’s no tomorrow with active buying to hedge the short positions. Funny thing is the SP actually climbed steadily from Jan- Mid March. Must be burning for MS. MS had some luck towards late March as Europe Covid third wave hit and followed by the convertible raised at $5.18. Did MS / other major shorters know from Mid March that the convertible was going to be at $5.18?
interestingly on the 6/04 Morgan S again borrowed 2m shares ready to short, do they really think 2m borrowed shares + 2m their own shares can take the SP down to its targeted SP of $4.5? I’m no playwright but the plot here is getting interesting.
WEB Price at posting:
$5.40 Sentiment: Hold Disclosure: Held
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