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A comment on Keeping Customers Informed Through Market Volatility.

Re:Keeping Customers Informed Through Market Volatility by samizdis on Thursday January 28, 2021 @11:33AM (#25944439)
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...

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.]

[ Parent | on HN ]
Re:Keeping Customers Informed Through Market Volatility by borishn on Thursday January 28, 2021 @11:43AM (#25944591)
Selling when others are prevented from buying is not in the interest of the seller.
[ Parent | on HN ]
Re:Keeping Customers Informed Through Market Volatility by toufka on Thursday January 28, 2021 @11:53AM (#25944744)
And 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.
[ Parent | on HN ]