FMG 3.34% $20.42 fortescue ltd

Pretty superficial argument for stock lending. Now for the...

  1. 2,944 Posts.
    Pretty superficial argument for stock lending. Now for the argument against unregulated shorting market.
    1)Our market is not big enough or robust enough against the big overseas hedges
    2)unregulated shorts do not represent a level palying field, the long position are disclosed whereas there is no requirement to disclosed the stock lending shorts.
    3)who actually owns the when it comes to AGM or EGM particularly with FMG which will soon have an EGM, Harbinger still has voting rights or the holders who bought the shares of the shorters
    4)to compare BNB with FMG is lazy journalism. BNB is riding into the eye of the storm with teh credit crunch whereas FMG is coming good with pre sold iron ores.
    5)we have situation where there are avaialble on the market potentially in excess of more tha 110% of teh shares being traded. How is that not witch craft?
 
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