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03-02-2021, 11:39 PM
#19881
Originally Posted by porkandpuha
2 million shares covered by shorters from Jan 27th to Jan 28th. Right in the heart of the Gamestop squeeze.
Thanks for that only 50m more to go !!
Sen Warren says Wall St hedge funds been manipulating the market for years and years and years couldn't agree more. These weekly games on the ASX of course all perfectly legal now getting heaps of attention. Hedge Funds now crying help us its not fair we are losing money, welcome to the games in reverse pal. Understand people been talking about a2 on Reddit. If we see a surge of buying we know why could one dream $100 ................wake up boy?
https://edition.cnn.com/videos/polit...k-in-politics/
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04-02-2021, 06:46 AM
#19882
Originally Posted by dreamcatcher
Think the skeletons are already out but my opinion a2 to exceed 670m but a hold either way for me.
All free-held so certainly an easy decision but increased my holdings in bubs with positive corporate daigou UBS a2 TP NZ$17 - Analysis points to range $10.00-$23.50 with downside including no China recovery
U expecting more then 670 m ? If that happens then I will loose all faith in ATM management and its MIS ...
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04-02-2021, 07:48 AM
#19883
A2 director’s husband on opposite side of Mataura deal
Bortolussi starts next week and will receive $3.7 million worth of shares that will vest within two years of his appointment
https://www.afr.com/rear-window/a2-d...0210203-p56z6n
one step ahead of the herd
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04-02-2021, 08:16 AM
#19884
Originally Posted by dreamcatcher
Thanks for that only 50m more to go !!
Sen Warren says Wall St hedge funds been manipulating the market for years and years and years couldn't agree more. These weekly games on the ASX of course all perfectly legal now getting heaps of attention. Hedge Funds now crying help us its not fair we are losing money, welcome to the games in reverse pal. Understand people been talking about a2 on Reddit. If we see a surge of buying we know why could one dream $100 ................wake up boy?
https://edition.cnn.com/videos/polit...k-in-politics/
Points to note :
1. Reddit crowd getting their backside burnt with GameStop shares now in free fall. They were superbly manipulated by a few big hitters who made super profits from the short coverings.
2. There is a world of difference between naked shorts (as in GameStop) vs covered shorts (as in ASX stocks). Naked shorts are NOT allowed on ASX stocks.
Know the difference and you will understand why GameStop happened.
Last edited by Balance; 04-02-2021 at 08:54 AM.
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04-02-2021, 08:17 AM
#19885
Originally Posted by bull....
As long as it’s all fully disclosed and there is no conflict of interest, good on him.
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04-02-2021, 08:20 AM
#19886
Originally Posted by Balance
As long as it’s all fully disclosed and there is no conflict of interest, good on him.
His wife and A2 Director Pip Greenwood was kept of negotiations relating Mataura deal due to conflict of interest, nothing to see here, move on...
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04-02-2021, 09:19 AM
#19887
Originally Posted by Balance
Points to note :
1. Reddit crowd getting their backside burnt with GameStop shares now in free fall. They were superbly manipulated by a few big hitters who made super profits from the short coverings.
Something I don't understand is how the Reddit crowd was ever not going to be burnt - the price was never going to stay up that high.
Maybe it was to be a case of lots of the little people losing a little each but taking the big guys for a lot. At some stage the shorts were going to win as the price was just unreasonably high.
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04-02-2021, 09:25 AM
#19888
Originally Posted by dobby41
Something I don't understand is how the Reddit crowd was ever not going to be burnt - the price was never going to stay up that high.
Maybe it was to be a case of lots of the little people losing a little each but taking the big guys for a lot. At some stage the shorts were going to win as the price was just unreasonably high.
The naked short sellers were burnt something horrible but the covered short sellers who sold high (above $200+) are laughing like well fed hyenas.
Meanwhile, reddit intra day traders who thought GameStop can be a recipe for becoming millionaires as they moved to other stocks snd silver are getting burnt something terrible.
All rather predictable snd sad, really.
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04-02-2021, 09:41 AM
#19889
Originally Posted by Balance
The naked short sellers were burnt something horrible but the covered short sellers who sold high (above $200+) are laughing like well fed hyenas.
Meanwhile, reddit intra day traders who thought GameStop can be a recipe for becoming millionaires as they moved to other stocks snd silver are getting burnt something terrible.
All rather predictable snd sad, really.
I know one person who was so swept up in the "we can beat the big guys" euphoria and obviously got in at the wrong end of the rally and now is hoping it will come right again. Useless to talk to. Doesn't want to hear a single opinion about why he might be wrong. Reminds me of a mate who still tries to tell me that I just don't understand Tesla and there is still lots of value in it. But then I was the same many years ago and boy did I learn from my mistakes.
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04-02-2021, 09:46 AM
#19890
Originally Posted by Balance
The naked short sellers were burnt something horrible but the covered short sellers who sold high (above $200+) are laughing like well fed hyenas.
Meanwhile, reddit intra day traders who thought GameStop can be a recipe for becoming millionaires as they moved to other stocks snd silver are getting burnt something terrible.
All rather predictable snd sad, really.
Very true, but it might have worked out differently if the big boys hadn't clubbed together and changed the rules of the game, in effect preventing the reddit crowd and other retail investors from buying GME and other heavily shorted stocks just as things were getting interesting...
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