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As luck would have it, a S Korean asset managment company sold its considerable holding (creating what in normal times would be a classic stock overhang) just w
by samizdis 6y ago
As luck would have it, a S Korean asset managment company sold its considerable holding (creating what in normal times would be a classic stock overhang) just when retail trading platforms had selectively blocked stock buys for GME et al.
https://www.marketwatch.com/story/large-gamestop-shareholder-must-asset-management-sold-off-its-stake-2021-01-28?mod=bnbh https://www.marketwatch.com/story/large-gamestop-shareholder...
The optics for this seem poor. As for the smell, more of a stench. [Edit to add: poor and smelly for the retail trading platforms, that is.]
- borishn 6y agoSelling when others are prevented from buying is not in the interest of the seller.
- toufka 6y agoAnd so there must have been an additional interest for the seller, in addition to making only a massive amount of cash off of the past week. I am curious about what other incentives they might have been offered to offload now, as opposed to next week.