the short theory

In the early 90,it seems that there was a short in BOC shares from + 40 Mill Shares (maybe the dubble or triple)

http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CE8QFjAA&url=http%3A%2F%2Farchive.treasury.gov.au%2Fdocuments%2F1446%2FPDF%2FOcean_Financial_Group.pdf&ei=l10DUK3nDPPY4QSf1viWCA&usg=AFQjCNFGVy7_p6MOuru5yOHfz1Ub9FhrMg&sig2=YoJEFOXaL39b3Hl3xSE0dg

(ASX Business Rule 19.5) had previously been applied in stocks like Bougainville Copper. (“BOC”). It was only with the invention of the concept of “Covered ...

Here the History of all BOC Trades in AU (only the

Begin 1.3.1984 vol 15K

Total Vol since Start 991 839 500 Shares

days with a vol. above 1 Million Shares

14/05/1984 1295,7
23/07/1984 1194,5
20/08/1984 1232,3
22/01/1985 1749,2
22/03/1985 1071,5
01/08/1985 1106,1
11/12/1985 2092,5
20/02/1986 1818,1
24/02/1986 1060,3
25/02/1986 1499,5
20/03/1986 1689,2
04/09/1986 2094,1
05/09/1986 1099,6
10/09/1986 1602,8
19/11/1986 1189,4
26/11/1986 1479,5
28/11/1986 1104,2
03/02/1987 1517,8
10/02/1987 1868,8
18/02/1987 1246,2
19/02/1987 1129,5
20/02/1987 1138,9
27/02/1987 1274,1
25/03/1987 1687,9
26/03/1987 2964,4
30/03/1987 1058,2
31/03/1987 1519,7
14/04/1987 1056,9
15/04/1987 6308,5 ***** Biggest Vol ever
08/05/19871649,7
12/05/1987 1354,7
15/05/1987 1100,1
19/05/1987 1051,7
28/05/1987 1414
29/05/1987 1185,9
30/07/1987 1242,2
04/08/1987 1464,7
06/08/1987 1094,8
16/09/1987 1149,1
14/10/1987 1010,9
15/10/1987 1064
19/10/1987 1195,4
20/10/1987 2806,5
22/10/1987 1893,3
23/10/1987 1145,4
28/10/1987 1099,7
30/10/1987 1232,7
25/11/1987 1684,8
26/11/1987 1024,9
27/11/1987 1914,7
01/12/1987 1536,9
02/02/1988 1223,9
17/02/1988 2219,9
30/03/1988 1026,9
14/04/1988 2031,1
15/04/1988 2143,8
05/05/1988 1326,5
19/05/1988 1469,6
20/05/1988 1721,2
25/05/1988 2587,1
26/05/1988 2722,2
27/05/1988 1764,3
07/06/1988 1135,6
20/07/1988 1232,8
11/08/1988 1126,3
12/08/1988 2916,3
24/11/1988 1095,2
28/11/1988 1292,6
02/12/1988 2246,4
06/12/1988 1379,6
15/02/1989 1749,8
22/02/1989 1393,6
01/03/1989 2744,8
02/03/1989 2237,3
23/03/1989 1213,5
19/04/1989 1357,3
05/05/1989 1023,7
15/05/1989 1393,5
24/05/1989 2685,8
25/05/1989 1014,1
13/06/1989 1069,6
14/06/1989 1006,9
22/06/1989 1361,2
11/07/1989 1182,5
20/07/1989 1024,1
21/07/1989 1268,4
02/08/1989 1345,2
04/08/1989 2427,7
06/09/1989 1926,4
21/09/1989 1198
22/09/1989 1043,6
27/09/1989 1382,9
31/10/1989 1479,7
21/12/1989 1125,3
12/01/1990 2688,4 Here,in "the early 1990’s" The "BOC Rule
08/02/1990 1432,1 19.5 (Short max 10% of the marcetcap)was
26/02/1990 1066,7 "massively exceeded " Massiv should be
04/06/1990 1593,6 50% I think,it is also possible that it
06/06/1990 2090,9 was by 100,200,300%? This Shares was
25/01/1991 1900,1 borrowed by the US Banks,sold as ADRs in
29/01/1991 1391,5 USA but never completely transferred.So a
15/03/19911059,5 huge number of this ADRs was short.
01/09/1992 1254,6
03/02/1994 1516,4 Here also starts the shortcovering,but as
24/08/1994 1848,1 everybody can see,it is impossible with
18/11/1994 1746,3 this small amount of Shares traded.
29/03/1995 1138,8
27/03/1997 1055,6
29/10/1998 2516,8
04/04/2003 1979,5
30/03/2005 1293,3
08/03/2010 1204,1
23/03/2010 1035,6