Credit Suisse end game?Credit suisse selling or shorting started on Feb 20th:
Feb 20th net position -60 k shares
Feb 21st -116 k
Feb 22nd -119 k
Feb 23rd -90 k
Feb 26th -106 k
Feb 27th -109 k
Feb 28th to date -178 k
Between Feb 20 and 28th, on TSX, Credit suisse net net position of - 778 k shares sold at an average of 1.484$. They are still selling as I write this... Great commitment!
If shorting, their target return is what? 20%, 25%? Which means they need to take the sp down to roughly 1.20$ before they cover. Dunno, seems risky...
If just selling, it would mean that they know something that the rest of the market doesn't. Seems unlikely.
Opinions? GLTA