lobster
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Post by lobster on Sept 23, 2016 12:59:15 GMT
Mmm , would anyone care to hazard a guess as to what's happening with #104 ??
It seems that someone is putting a figure close to 2k on the SM, and waiting until it's been taken, and then putting another 2k on the SM and waiting until that's been taken too, and then putting another 2k on the SM ..... well you get the picture.
I haven't actually been counting, but at a guess, this must have been repeated about 8 times now ?? Guess its just someone gradually unwinding a large position . Maybe he/she thinks it may disrupt the market if its all bunged on in one tranche.
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iren
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Post by iren on Sept 24, 2016 10:03:09 GMT
Hundreds of thousands of the loans to this firm remained available on the aftermarket for several months following drawdown. It would have been very easy in that time for a larger investor to build up a significant holding. Having done so, if that person wants to sell out, it would make sense to do it in stages as you say, rather than risk damaging liquidity.
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sl75
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Post by sl75 on Sept 27, 2016 7:46:49 GMT
Hundreds of thousands of the loans to this firm remained available on the aftermarket for several months following drawdown. It would have been very easy in that time for a larger investor to build up a significant holding. Having done so, if that person wants to sell out, it would make sense to do it in stages as you say, rather than risk damaging liquidity. Wonder if it's the fund behind the QAA/30DAA rebalancing its holdings?
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