STX 2.78% 18.5¢ strike energy limited

Short squeeze party thread, page-397

  1. 2,462 Posts.
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    Well, I don't think it is necessarily as complex as trees falling in the forest.
    I think they are just referring to the reporting of "fails driven borrowing" - as described here:
    https://www.asx.com.au/participants/participants-resource/securities-lending-disclosure

    The real takeaways for me from that unbelievably repetitive report were:
    Even back in 2012, 60-70% of market trading was being generated by algorithms. Probably more now.
    Even back then only 15-20% of equities turnover was from retail. Certainly less now. Which is why the ASX doesn't give a stuff about what retail thinks.
    The report's author/s clearly missed Winston Churchill's memo of 9th August 1940:
    https://policymemos.hks.harvard.edu/files/policymemos/files/churchill_memo_on_brevity.pdf?m=1602679032

 
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