You mean UBS increased the holding to be able to lend them to shorters? if that is the case, any buying notice can be understood in that way?
Printable View
now below aussie close ouch!
I think we need to start looking beyond the licker incident and ask will the change in Chinese ecommerce regulations significantly impact or possibly even shut off the daigou trade ?
Perhaps they did, I've cooled off a bit so are holding my remaining shares for now(Makes up about 10% of my portfolio now) It's quite sad that such a fantastic company like this has been undermined by its own CEO.PS-I must be progressing through the grief cycle moving from anger to sadness.
I think this has a lot to do with it. The announcement released earlier was in support of the change though and 'welcomed it'. If this is going to have a material affect on sales then the CEO is very brave (or stupid) to make an announcement welcoming the regulatory changes and then sell of every single share under her name. I'm sure a lawsuit will follow if this is how things play out.