Life & Banc Split Corp T.LBS

Morning price gymnastics

[Obscure1]

When I checked a few minutes ago, the live unit NAV was down about 0.3% while the LBS share price was down 3%

Even with the 2.5x leverage for LBS, the discrepancy shows how inefficient the market is from time to time for LBS.  I'm sure the discrepancy will get rectified but geez.

I'm not a trader, but the math is the math.  This example is just a glimpse of how market makers (the cat) play with investors (the mouse).

In 2021, when covid was creating historical variability in the markets, Goldman Sachs' trading desk didn't have a single day of losses while piling up massive profits.  Sorry for dwelling on this, but the way the market makers play retail investors is a trigger for me.

[navgod]

You are backing up the wrong tree! Market Makers involvement in splitshares is negligible - posting the odd 100 lot to narrow the bid/offer spread is about it. Unlike ETFs there is no effort/requirement to have trading price=NAV and anyone who has observed splitshare markets can tell you the relationship moves between very wide bans. Your "example" is a glimpse of how market ignorance

[Obscure1]

 I respectfully disagree. The Wall St trading desks are enormous profit makers.  Despite the fact that it was many years ago, I clearly remember the after-market conversations where the traders would compare notes.  The days of public bragging are long gone as anyone with a cell phone is now a potential reporter, but the game hasn't changed as illustrated by the published

[EdPaquette]

You can be a market maker yourself. Go in between the bid/ask and put some for sale there.

[Obscure1]

Ed:  It has been a long time since I ran a box.  At this stage my days are planned around bike rides and honey do lists