Seems logical.
Can any one here gain access to those large transactions to see who was the buyer?
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Actually, people forget how big Blackrock is - US$8.67 trillion (yes, trillion) under management.
So there are plenty of funds within its control which they would be happy to put a measly NZ$1 billion (of undervalued stocks forced to be sold) into.
That’s the real story.
Shorters also got caught in the squeeze and scrambled to cover.
I missed a Zumba class to get the bunting out of storage. So much time wasted.
down again..561c -27c.... Breaking support ..Is it a failing breakout in progress Hmmmm..a crazy market...What did I say about not believing in conspiracy theories.. Glad to be away from this market and on the side lines
Shorters = 1 TA= 0...
http://nzx-prod-s7fsd7f98s.s3-websit...918/344518.pdf
Blackrock already have reduced their stake from 7.09% to 3.33%
They have also reduced contact energy stake
dry starting to impact mels profits i reckon
NZAS and Meridian: voluntary load reduction
https://www.nzx.com/announcements/371280