The fallout is huge.
Skimming through this thread, & from a few others, just some of the stocks that had fire sale crosssings or trading is suspected to have been adversely impacted by Opes:
HLG - went into trading halt after a dump of 10.8m shares was made at 50% discount to last trading price
(Article : http://www.theaustralian.news.com.au/story/0,25197,23448118-25658,00.html)
ATG - Trading halt - possibly related to Opes
ADY - Ann made re Director Phil Thomas' margin loan with Opes of $2.85m
BMN - large trade at discount on close
CFG - as above
GBG - as above
UMC
PLV - large XTSXOS, 50% discount, Tricom (assoc with Opes)
RED
JAT
SPQ
EBB
PTM
FMG
CDU
RRS - ANZ/Merrill Lynch main sellers
JST
And this list is just a sample.
Some more articles, may have already been posted:
Retirees at risk after $1bn crash
http://www.theaustralian.news.com.au/story/0,25197,23448323-601,00.html
Opes collapse could reveal a sordid tale of short-selling super
http://business.smh.com.au/opes-collapse-could-reveal-a-sordid-tale-of-shortselling-super/20080328-227c.html?page=2
cheers
Marny
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