FMG 3.61% $20.10 fortescue ltd

Oh no .. supposed short squeeze, criminal lending and shorting,...

  1. 19 Posts.
    Oh no .. supposed short squeeze, criminal lending and shorting, and yet the stock is still down 3.5%. What new devious scheme is ASX/ASIC/Hedge Funds/Inv Banks/Custodians upto ? ... LME soft overnight, China slowing down, FE spot market .... nah can't be fundamentals.

    Hedge funds often use prime brokers (I'm don't know in this case) the, who in tern use global custodians (eg Northern, StateStreet, Citi) who in tern use sub or local custodians (eg ANZ, NAB). So could be a number of different angles as to where the lending was done.

    Problem for "private investors" is lack of information, caused by problem in definition of short sell.
 
watchlist Created with Sketch. Add FMG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.