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Super funds lending shares to short sellers ! (Read 517 times)

Sir lastnail

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Australian Politics

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Super funds lending shares to short sellers !
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 Sad

"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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Captain Nemo Gold Member Offline Australian Politics Posts: 15163 Melbourne Gender:	Re: Super funds lending shares to short sellers ! Reply #1 - 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.
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President Elect, The Mechanic Gold Member Offline Australian Politics Posts: 17501 Gender:	Re: Super funds lending shares to short sellers ! Reply #2 - 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...
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Sir lastnail

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Re: Super funds lending shares to short sellers !
Reply #3 - 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. Sad

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 Wink

"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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