SHV 2.30% $4.45 select harvests limited

Mention of dirty tricks brings me back to my conspiracy theory...

  1. 523 Posts.
    lightbulb Created with Sketch. 8
    Mention of dirty tricks brings me back to my conspiracy theory regarding the shorting of SHV.

    If anyone has read The Big Short, they would know how things work. A trader at a greedy investment bank comes up with this great opportunity to short a stock. They buy up a whole lot of shares, hedge their position and then flog the shorting opportunity to all the hedge funds around town, collecting a nice risk free margin for themselves.

    The thing is, the longer the share price stays at high levels, the longer they keep on collecting their margin on the short position. So they get onto social media and ramp the price for as long as possible. Trouble is legally they can't do that and the compliance team would be tracking their internet activity. Maybe this trader could use his phone instead to avoid detection?

    Just a theory but worthy of consideration. It could explain some of the relentless up-ramping on this forum?
 
watchlist Created with Sketch. Add SHV (ASX) to my watchlist
(20min delay)
Last
$4.45
Change
0.100(2.30%)
Mkt cap ! $538.7M
Open High Low Value Volume
$4.35 $4.51 $4.32 $1.814M 409.4K

Buyers (Bids)

No. Vol. Price($)
1 173 $4.42
 

Sellers (Offers)

Price($) Vol. No.
$4.45 5000 1
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$4.42
  Change
0.100 ( 1.74 %)
Open High Low Volume
$4.38 $4.51 $4.31 45009
Last updated 15.59pm 28/03/2024 ?
SHV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.