RE:RE:Finally...Goldman Sachs and Pilbara....OK, fine. Let me know if I have it right now.
- Technically they were borrowing shares and that puffed up their holdings on paper.
- Shares that were worth ____M$ to DeutschBank.
- So now with this little loaner of shares they could potentially exert influence and therefore had to report. Loaned to the point of appearing like ownership. This is how Homer Simpson borrows Flanders' lawnmower I guess.
- So they file their paperwork because ...oh my Goodness...they could have more influence on the stock than the average shmoe. Say it isn't so Goldman... say it isn't so.
- Presumably there was a complex back-scratching kickback scheme between GS and the Bank for this little charade. Not a "Hey can I borrow your truck to pick up a couch?" sorta deal.... Both sides were well aware of the switcheroo and the reasons.
- And then Goldman amps up the $hit talking about Lithium continually and make the market believe the sky is falling. Glossy reports of doom and gloom.
- So they can make people run away from Lithium in greater numbers.
- And drive down the price of Lithium and miners.
- So they can then hoover up some cheaper shares based on the lower price they were able to "create".
- Then they presumably return the shares to the Bank and now the Bank is whole (plus kickback?). "Hey Ned, here is your mower back... i filled up the tank and changed the oil".
- And then G-S can keep the difference between what they pretended they owned and then pretended to sell in their little short game.
- And I would bet that some portfolio manager at DeutshBank was also buying on the same dips that their new G-S pals were going to create. Tip your hand... scratch your nose...
So it is not really NAKED shorting... what would we call this... Is this Costume Ball shorting? Is this some merry go round of deception.
IF I am wrong... set me straight.
IF I am right... this is further evidence that the market is completely bonkers and a shell-game.
This does NOT make me feel better. I already have trust issues.
Oh well. Somewhere in hell the accounting will be sorted out.
HIBL