Leveraged up with borrowings eh? I wonder where they'll get the cash.

Leveraged up with borrowings eh? I wonder where they'll get the cash.[/quote]


Why Anglo of course

Let's say they do succeed at what they intend, this will give the short sellers a second bite of the cherry and relieve them of even more money.

Completely agree GB.
I suggest they call Joe Lewis for advice.

Now that's doubling down.

My opinion is that the buy-up clan have their backs to the wall and simply cannot afford to let Anglo drop.

The big question is -- who's going to loan them the leverage?

I hope the old boys' club know what they're doing.

Another thing -- surely you'd want to keep a plan like this a secret?

Why let this information advantage out in to the public?

Something's fishy...

Maybe that's what the smoke and mirrors "hotel meeting" cum press-release is all about.

CelloPoint's conspiracy theory: Friday's Anglo closing price was jacked up for the weekend newspaper coverage where an information bomb was dropped -- the intention is to fool the short-term market manipulators. Anglo has been a bit of a honey pot the last couple of weeks -- if the manipulators think things are "all settled down now", they'll quit and move on to the next target.

If they'd just go away! They're like flies hovering all around is. Once they're gone, we can go about converting our horse manure back in to precious jewels.

They were on the money with ISTC:wink:

Whatever happens, it's gonna be dramatic. Should be an interesting week.

Shorting is a game built on rumour and fear e.g. start a rumour saying that anglo is running out of cash and shareholders and depositers will take fright giving the shorter a healthy profit. Combating shorters is done in exactly the same way e.g. start a rumour that X of Irish richest business are going to going to pool Z million and borrow Y million and invest it all in anglo stocks and this a. encourages other investors to get in ahead of them to profit from the inevitable run up b. scares shorters that their buy back will get more expensive and encourages them to close out their short positions c. discourages any further shorting because of the prospect of a run up in the price.

The whole article is laughable.

As Thatcher's economic guru Alan Waters used to say, you can't buck the market.

Panzraam, does the fact that Shane Ross wrote the article not lend it a certain credibility? Considering his article a fortnight ago:
http://www.independent.ie/opinion/colum ... 46192.html
Or do you think he has been taken for a ride and that that is the revenge the 'friends of Anglo' are after? (Sounds like an Agatha Christie novel, if only I could remember which one!).

Also, isn't this a form of market manipulation?

I demand that ISFRA immediately investigate these people.

So who's gonna empty their barrel into the lake tomorrow? I'd say there'll be a lot of toe dipping to see how hot things really are.



Definitely one for the big boys.

Couln't find anything specific

Insider Dealing and Market Manipulation (Market Abuse)
http://www.entemp.ie/commerce/companyla ... tabuse.htm

Market Abuse (Directive 2003/6/EC) Regulations, 2005 (Market Abuse Regulations)
http://www.financialregulator.ie/frame_ ... in_nav.asp

Though it may hark back to an earlier scandal

Guinness share-trading fraud
http://en.wikipedia.org/wiki/Guinness_s ... ding_fraud