Attention all horseshoes, but particularly Blue
Quote:
Originally Posted by
Xerof
J P Morgan is a constant seller. Plenty still to go as well
I have just read a comment on the ASX BTU thread posted by macduffy, who says that Morgans are buying back a short position, established by borrowing shares, and selling them as step one. Now they may be buying back as step two, and filing SSH notices which give the impression they are selling down. I.e. as they 'return' the repurchased shares to the original owner, their holding is reducing.
I would have to say that seems a more credible summary of what might be going on. It is common practise in both equity and bond markets for this activity to occupy the minds of proprietary traders within these trading houses across the globe
Apologies if I have put you crook