lol Yeah, make for an interesting watch from the sidelines. Might need to have a drink handy..
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lol Yeah, make for an interesting watch from the sidelines. Might need to have a drink handy..
That nails it down then !
Do they legally need to have rebalanced the ETF by Monday morning NZT. ie does the sell off absolutely need to occur before closing today, or could it be pushed out through the day on Monday. Haven't seen anywhere near the volume of shares trade on or off market today as the rebalance was suggesting. 72 Million contact energy shares, a long way off from that! Also what happens if the ETF haven't sold them off by cut off time?
Could they just be holding off and stalling to freak the shorters out into buying pushing the SP up then selling off then?
Anybody really know?
I expect they've made arrangements with other institutions to shift the bulk at the end of the day for a small discount. I picked up a few a couple of weeks ago and will have another pop today just in case there's a big sale into the auction but I'm not too hopeful.