Originally Posted by
MAC
No wonder it begs for speculation Harrie, there’s been the big seller, the big shorter and the takeover talk, could of course be any or all of those things, but someone said to me a few days ago, not someone from ST from elsewhere, that there are still a lot of XRO margin calls firing.
Since we have not seen any SSH’s it’s led me to consider that perhaps all we are really seeing is one, possibly more than one, medium size but really quite desperate sellers having to cash up quick to settle their over extensions on XRO.
As the say on ebay, those who bought XRO also bought PEB and ATM and lux liquid, anyway, a YTD overlay of XRO and ATM tells the tale.
PEB may have broken the correlation after an AGM and a couple of analyst reports created enough buying pressure to offset the XRO losers, no such luck for ATM just yet.
But when one keeps stretching an elastic band tighter, tighter, tighter, well ……………………..