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
$2.36 |
Change
-0.060(2.48%) |
Mkt cap ! $1.582B | |||
| Open | High | Low | Value | Volume |
| $2.41 | $2.43 | $2.34 | $4.314M | 1.824M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 60015 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.36 | 46817 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.36 |
Change
-0.060 ( 3.10 %) |
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| Open | High | Low | Volume | ||
| $2.42 | $2.43 | $2.34 | 407169 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| IFL (ASX) Chart |