Nasty, I'm no expert on investment banks but I did glance at that ann' and saw MS borrowed [for a small fee] about 5mill. shares and then MS bought over 6mill sh's , [costing 68.01c each] so I guess they have been shorting ROC till the cows come home.
Didn't the sp fall to 67.5 in a market downturn?
Was that fall aided by MS short selling?
I guess MS saw the much lower POO and the downturn in energy sector sentiment as an opportunity to pick up a guaranteed $100k minimum in a short turnover time.
After all, if they end up with about 10-11 million extra shares bought around 68.01c, including brokerage, they can offload them without any brokerage cost for 0.99c more [69c Fosun TO offer] whenever they want.
Then they can return those 5 million borrowed shares or keep them for a small fee and play more games for about a half cent gain or so.
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $300.2M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.0¢ | $248.8K | 1.348M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 810592 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 204985 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 810592 | 0.180 |
34 | 3272548 | 0.175 |
46 | 2027012 | 0.170 |
20 | 983692 | 0.165 |
28 | 990427 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 204985 | 7 |
0.190 | 732200 | 13 |
0.195 | 419409 | 5 |
0.200 | 312000 | 4 |
0.210 | 1047500 | 3 |
Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
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