On the one hand, shares are moving to where there's more liquidity, which is good.
On the other hand, there were very few shares available to short and demand for shares to short skyrocketed in the last few days.
I think BNYM is providing (selling to MM's, if not loaning outright) shares to short sellers. BNYM does not care what the shares are used for, as long
as they can make a small percentage on the share transfer from Oz to U.S.
Good for Oz holders because the shares were transferred at higher prices than current in Oz. Not necessarily good for price-action in U.S.
BNYM has no vested interest in the U.S. share price going higher. A lot of people on ST do not realize that, and keep hyping BNYM buys.
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