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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19.5¢ |
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Mkt cap ! $316.9M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
35 | 2356142 | 19.0¢ |
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Price($) | Vol. | No. |
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19.5¢ | 739480 | 7 |
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No. | Vol. | Price($) |
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30 | 2273285 | 0.190 |
55 | 3041203 | 0.185 |
36 | 1555702 | 0.180 |
8 | 166392 | 0.175 |
5 | 172308 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 723992 | 4 |
0.200 | 1596670 | 17 |
0.205 | 1220078 | 17 |
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