abs up 7 percent, page-3

The shortsellers going through Leveraged Capital, Hawkswood and Opes Prime would not show up on the asx CFD register because they do it (or did it) via a practice known as "Securities Lending". http://www.asla.com.au/

Basically every long position opened with them was loaned to a shorter or hedge fund to go short on. So a big supply of shorts are now gone! On other threads I have heard that ABS was a target and was shorted considerably here.

But I cant be sure? I just hope the lead weight holding abs down is now gone and the sp can get back to where it should be (above $2.50 - deal or no deal).