Rocket230. Tell that to the ASX and S&P AND ASIC and the Australian government (Treasurer).
You only have to look at the Form 603 from State Street on 22 June 2022 for absolute proof to see how shorting, although totally legal, is a perfect tool for avoiding the law while totally manipulating the SP.
They started buying on 1 March @ .96 when the ASX300 was announced, bought from 1 March to 22 June, in a range from .84 right up to the highest price ever @ $2.64 (SS PAID THAT), THE OBVIOUS TACTIC OF A SHORTER, BUYING at the highest price, then progressively selling down to subsidiaries and others and crashing the SP to nearly half, $1.39 (near 100% profit) by 12 May, and continuing to do so, and, apart from a couple of minor moves, their 10 August ann indicates that they still remain a substantial holder and have been from the start. How many do they hold now?
But, that Form 603 0f 22 June 2022, SHOULD BE, and probably will be, used ion any action to change the rules of shorting and possibly investigation the practices conducted by both State Street and JPMorgan.
With the view that you have posted, you should do something about it. Numbers of complaints get action, not, posts on HC. Good luck!!
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Open | High | Low | Value | Volume |
3.4¢ | 3.4¢ | 3.3¢ | $57.10K | 1.721M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 2226630 | 3.3¢ |
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Price($) | Vol. | No. |
---|---|---|
3.4¢ | 1067124 | 10 |
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18 | 1785483 | 0.032 |
14 | 1709973 | 0.031 |
37 | 2669821 | 0.030 |
11 | 974689 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 1067124 | 10 |
0.035 | 606639 | 6 |
0.036 | 1041597 | 7 |
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