yeah great read
Honestly Tsang should have been forced to cover his short margins but his exposure size, and how much nickel the group effectively produces makes him a oligopoly with price power.
There is lots of fall out. Traders no longer using the exchange to trade! It's effectively shown the exchange is corrupt unable to operate fairly for shorters and those going long on nickel prices.
How many of us here would trade the ASX if the banks and govt came to the aid of shorters when they got it wrong?
same goes for Gamestop. If you take a short position you shouldn't get any extra protection doing so regardless of how big you are. Because shorting like some of these hedge funds do destroys hundreds of millions of savings in wealth for mum and dad retail investors. Imho. Shorters can rot.
yeah great readHonestly Tsang should have been forced to cover...
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