Nasty, I'm no expert on investment banks but I did glance at that ann' and saw MS borrowed [for a small fee] about 5mill. shares and then MS bought over 6mill sh's , [costing 68.01c each] so I guess they have been shorting ROC till the cows come home.
Didn't the sp fall to 67.5 in a market downturn?
Was that fall aided by MS short selling?
I guess MS saw the much lower POO and the downturn in energy sector sentiment as an opportunity to pick up a guaranteed $100k minimum in a short turnover time.
After all, if they end up with about 10-11 million extra shares bought around 68.01c, including brokerage, they can offload them without any brokerage cost for 0.99c more [69c Fosun TO offer] whenever they want.
Then they can return those 5 million borrowed shares or keep them for a small fee and play more games for about a half cent gain or so.
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Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $300.6M |
Open | High | Low | Value | Volume |
19.0¢ | 19.5¢ | 18.8¢ | $154.4K | 808.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 221682 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 1698535 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 1277500 | 0.105 |
7 | 220000 | 0.100 |
1 | 101010 | 0.099 |
1 | 103092 | 0.097 |
2 | 110000 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 234239 | 1 |
0.115 | 23747 | 1 |
0.120 | 1474963 | 13 |
0.125 | 941029 | 9 |
0.130 | 384745 | 5 |
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