Interesting to see what's really going on.
My take:
- Citigroup is doing 70% of the shorting, but own enough to cover their own position, so squeeze is not likely :( they still have 1 million more in reserve, so this may go on for a while. 80% sell to buy ration, so they're playing games, not just closing the position.
- Credit Suisse is also selling, but heavily trading as well
- JP Morgan, Commonwealth, Macquarie Insto, Goldmans buying up
- Big boys are constantly algo trading on us, taking a few cents here and there when they can. UBS trades the most, also Macquarie, Merrill, Jump Pacific, Barclays, Susquehanna,CMC, Morgan.
In Summary, the big boys are playing with us & retail has very little control of the share price.... whats new?
Does anyone here actually trade with UBS, Citigroup, Credit Suisse, Morgan Stanley, Merrill, Goldmans, JP Morgan, Barclays, Macquarie Insto?
OR are they purely trade desks?
Shares owned:
Its my 2nd biggest holding and the in the top 10 shorted stock on the ASX if you excluded the shares owned by directors, hence the obsession!
(20min delay)