Forum Archive Index - May 2002

["Rockbottom" <rockbottom@ihug.co.nz>]

There is an interesting article in today's 'Independent' relating to hedge
funds short-selling. I quote in part:-

" Betting that Telecom's share price would follow global trends down the
gurgler, United States-based hedge funds short-sold 65 million Telecom
shares.
In essence, they sold Telecom shares they didn't own for delivery at a later
date, betting that between the sale date and delivery date, Telecom's share
price would fall .................
Now the short sellers have to buy and deliver the Telecom
shares......................"


Too bad, how sad.

Rockbottom

disc hold TEL



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