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13:53
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Originally posted by jjsbuy
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Never forget that JPM in particular have a Damocles Sword hanging over the share price they can wield at any time to either short or long this. If Aussuper have lent their stock to JPM which I have seen multiple posts make the claim about, then expect fluctuations and shorting. Please correct me if I am wrong but it makes no sense for Aussuper to loan their shares to JPM if the position is they are going long. It only makes sense if they can short. Until SYR management inform us that they are now selling graphite north of cost price which presently sits at $534/t we will just be a game for shorters.
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Its not JPM that is shorting the stock, it is their clients, JPM just provides the stock lending facility as a prime broker.. JPM couldn't care less where SYR share price went, they just want their brokerage and fees from doing the selling for the client. .. It will be hedge funds that are doing the selling, probably long something else on the otherside..
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