TPI 4.29% 73.0¢ transpacific industries group ltd

tpapa vs tpi

  1. 2,123 Posts.
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    Some months ago I mentioned it might be good idea to short TPI and buy TPAPA. This turned out to be a wonderful trade!

    After commencement of trading, TPI tumbled to $1.15 and TPAPA jumped to around $50. Only problem as always was I should have done in bigger size. Having closed out my shorts on TPI at lower levels, I wanted to sell short TPI into the rally yesterday but I found that no CFD providers were allowing short selling due to shortage of scrip lending. This could be one of the reasons behind the rally.

    However, today, one CFD provider I deal with (and there may be others I do not know about) has capacity to buy TPI CFD's. As scrip becomes easier to access, this capacity will spread to other CFD providers including COMSEC so I would expect some selling pressure to shortly hit the stock

    Any views on this?
 
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Currently unlisted public company.

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