Post by
terminator007 on Jun 03, 2016 6:04pm
Credit Suisse liquidation
Perhaps you guys noitced that they liquidated a crazzy amount of shares today. Just wondering whether it's an actual liquidation (if it is, then why not yesterday at a higher price?) or short selling? Thoughts?
Comment by
curiousbuild on Jun 03, 2016 6:09pm
margin call. It was obvious in first half hour trading. I posted here to caution folks.. CB
Comment by
terminator007 on Jun 03, 2016 6:13pm
sorry didn't notice that, but why do you think that this is a margin call? Why did not they sell yesterday at a better price? Thanks!
Comment by
curiousbuild on Jun 03, 2016 6:18pm
well I wish I owned 500K shares and answered that..just speculation.. big money doesn't make decisions in 5 min drop like we saw yesterday.. GS sold around 450K yesterday though and another 100k today.. Today shorts were licking their chops by covering nicely from #72.. yikes B@stards got lucky. CB