There is much more money to be made now for the big hedge funds from going short on all major stocks.
Just get a few dodgy media outlets who partake in the market domain to put out some negative leaning assessments and outlook, and a wee bit of manipulation on the share price daily, and you can drive the best stock in the world down no matter how good it is.
Our own major Super Funds have a lot of their money tied up with hedge funds and make billions every year from these hedges.
Why bother going long when you jump on the bandwagon and profit by shorting great Aussie companies to death.
I’ve seen well known media outlets pumping up a stock saying it has great prospects, then within a week the share price jumps, only to have State Street and JP Morgan jump in and short it back down.
Our government doesn’t give a rats ar.e and neither does ASIC or ASX.
RDN Price at posting:
0.4¢ Sentiment: None Disclosure: Held
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