Riddle me this.
Stockholder AAA loans a million $10 XYZ shares to BBB to short sell and the price of XYZ drops to $3.
So BBB buys them back for $3 and returns them to AAA.
Ignoring that BBB will pay some of the profit to AAA as compensation - how does AAA account for the nominal loss of $7m?
One assumes that AAA is a Fund Manager and should be acting in the best interests of their clients.
Riddle me this. Stockholder AAA loans a million $10 XYZ shares...
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Last
$2.88 |
Change
0.020(0.70%) |
Mkt cap ! $1.931B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $2.91 | $2.87 | $3.707M | 1.283M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22896 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 10820 | 4 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| IFL (ASX) Chart |