Australian Politics Forum

Australian Politics Forum
http://www.ozpolitic.com/forum/YaBB.pl Member Run Boards >> Coronavirus >> Super funds lending shares to short sellers ! http://www.ozpolitic.com/forum/YaBB.pl?num=1584422752 Message started by Sir lastnail on Mar 17^th, 2020 at 3:25pm

Title: Super funds lending shares to short sellers !
Post by Sir lastnail on Mar 17^th, 2020 at 3:25pm

A write up in todays Australian saying that Uni Super is going to stop lending shares to short sellers because it is having adverse effects on the market and its share portfolio !! Talking about shooting yourself in the foot, what on earth are these super funds thinking when they bet against themselves for some extra income. What a bunch of losers losing other peoples hard earned money :(

Title: Re: Super funds lending shares to short sellers !
Post by Captain Nemo on Mar 18^th, 2020 at 12:26pm

Don't mention Super, I had a squiz at mine last night ... a very nasty drop in balance over the last month. Ouch. :(

Title: Re: Super funds lending shares to short sellers !
Post by The Mechanic on Mar 18^th, 2020 at 12:29pm

There is massive short selling in all major stock markets..

Some say that they are deliberately crashing the markets...

Title: Re: Super funds lending shares to short sellers !
Post by Sir lastnail on Mar 18^th, 2020 at 3:35pm

Captain Nemo wrote on Mar 18^th, 2020 at 12:26pm:

Don't mention Super, I had a squiz at mine last night ... a very nasty drop in balance over the last month. Ouch. :(

They were allowing your shares to be shorted whilst sitting on their big fat arses watching your retirement savings fall off a cliff and some how that is perfectly acceptable to these dumbarse pollies !!

Now you know why the pollies don't use the private super scammers and just steal theirs from theb tax payers ;)