Hello Everyone, Some Posters may remember my earlier Postings...

Hello Everyone,

Some Posters may remember my earlier Postings here in THR regarding that I considered that THR had been a Terget for Short Selling like many other Shares.
Now the Short Sellers are hitting the Larger Shares like Banks and the A.S.X. itself.
Please read the Quote and consider for Yourself why THR has so many Downrampers,

Quote:-/

asx warns over short selling
Forum: ASX - General (Go Back)
06/03/08 18:19 (View)   Back     Post Reply
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ASX warns investors over short selling
March 6, 2008 - 3:46PM
Investors have been put on notice by the Australian stock exchange (ASX) and Australian Securities and Investments Commission (ASIC) about their share lending and short selling obligations.
Short selling involves the borrowing of shares and selling for a profit before buying the stock back at a lower price and returning them to the broker.
The technique is used by investors who try to profit from the falling price of a stock.
The ASX said short selling played a "useful role in contributing to market efficiency in a developed financial economy" but warned market participants needed to be transparent.
The ASX said the transparency of the amount of short selling activity "is important for market users to inform their trading decisions".
The ASIC said in a statement last week that "people engaged in stock lending or stock borrowing should carefully examine their obligations to lodge substantial holding notices".
The ASX said it was reviewing the scale of its late fees for delayed settlement associated with "naked" short selling, and the removal of particular stocks from the approved short-sale list if settlement failures increased for any security on the list.
A "naked" short sale is where the participant, either proprietary or on behalf of a client, enters an order in the market and does not have in place arrangements for delivery of the securities.
06/03/08 18:45 (View)   Back     Post Reply
Options:/End Quote No responsibility taken for any losses in association with this Posting.

Regards,

moly