Oh dear, three fine examples of circumlocution.The latter, in...

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J L

1,903 Posts.

177

01/06/24

22:30

Post #: 74121444
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Oh dear, three fine examples of circumlocution.

The latter, in particular, who is a non-holder to boot.

Originally posted by Hardcash: ↑

JL,

you are not doing due diligence on STX. You're trying your best to undermine confience in STX - full stop!

Preteding to be trusty old Gramps who is innocently trying his best to understand a stock that for some unknown reason "doesn' t add up". Thereby insinuating, something is fundamentally wrong with STX.....and all so innocently potrayed.....completely ignorring facts.

You don't fool anyone JL. We know what you are doing and why....

You are either a shorter, or working for one.

Have a great weekend!!!

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Originally posted by wot: ↑

As if youve trawled over the Apa site.. you barely have a grasp on the basics of stx, let alone perusing 3rd party websites.

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Originally posted by wednesdayschild: ↑

@invertedva

RE: Your observation State Street and Blackrock I suspect you are probably very close to the truth.

In the first instance however let us consider some the process of Short Selling not as the process of group of person or entity but rather one part of a three part financial transaction comprising of a Lender, Short Seller and Buyer. The Lender commences the transaction with ownership and voting rights. They complete their part of the transaction with payment for their initial share holding plus any fees and charges but with nil rights. The Short Seller then uses their personal asset backing to borrow from the Lender with intent to immediately sell to a Buyer. With an asymmetrical exposure to the market the Short Seller also has nil rights. The Buyer however having brought from the Short Seller as the final stage of the three stage transaction complete the cycle with both economic exposure and voting rights. Since voting and dividend payment rights are generally based on a record date this can create for an interesting situation in terms of the power to vote and any right to share in the distribution of proceeds if such an event is near due to take place.

Coming back now to BlackRock, a review of public records clearly shows an increase of over 30% in long term holding in the last 4 years. This supports a premise that on behalf of a client base which includes governments, insurers, asset managers, banks and SMSF clients it is in their best interest to promote business growth rather than take part in its destruction. There is no doubt that shorting is for some a controversial practice and we can debate all day about the rights and wrongs but it is here, it exists and it presence is very real and they can, on occasion, be a very powerful ally. I feel that this makes your observation of part reason behind high volumes being traded and recent rise in short holdings more likely to be True rather than False as asset managers seek to hedge or de-risk their long position holdings on behalf of their clients in times of uncertainty like the present. With State Street Corporation, Vanguard Group and Blackrock all retaining substantial an ownership stake in each other through a myriad of accounts and proxies this makes it near impossible however to unravel to be sure.

@Hardcash

RE: Your resident due diligence Junior Leaguer - it isn't that clever !

GLTAH and wishing you all the best these coming few days.

My opinion only of course !

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STX Price at posting: 20.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 22.8¢		Change -0.003(1.09%)		Mkt cap ! $659.0M

Open	High	Low	Value	Volume
22.5¢	23.0¢	22.5¢	$365.4K	1.623M

Buyers (Bids)

No.	Vol.	Price($)
14	142656	22.5¢

Sellers (Offers)

Price($)	Vol.	No.
23.0¢	2392297	16

View Market Depth

No.	Vol.	Price($)
13	128386	0.225
18	1966114	0.220
16	1142601	0.215
27	1023931	0.210
23	1125437	0.205

Price($)	Vol.	No.
0.230	2392297	16
0.235	3937575	31
0.240	2839158	22
0.245	2411298	22
0.250	2841658	28

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