With Opes Prime/ trader dealer clients automatically becoming unsecured creditors, all priorities will legally lie in the laps of the the secured creditors. ANZ ML.
They will be comprehensively briefed first.
BHP volume was up 25% yesterday...theres an extra 1/4 billion dollars right there, as one example.
Just from a ''time is of the essence'' tactical strike scenario, it makes much more dollars and sense to liquidate that which is liquid, before the big freeze spooks the market...
Remember Opes may be just the thin edge of the wedge..
Mum and dad holders Ozzy wide will be ''running'' to the big 4 run retail Internet broker houses in their droves forthwith,,,and justifiably so..
If your broker provides short facilities (or their new legal equivalent) on anything BUT the top blue chips, you will be spitting chips, worried about the buoyancy of the Co, and their ability to seize your cash, even if you dont have a margin loan.
Look back over the last few months and you would have noted Opes Primes desperately competitive Adverts regarding margin Loan rates on ANY stock.
Then compare it to Trader Dealers ads,( who have summarily lost their licence to trade ) then to the rest.
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
