"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Tuesday, September 18, 2007

Alliance and Leicester / Northern Rock - how the smart money men made their money out of the turmoil - big wallets, strong nerves and weak politicians

This chart tells a fascinating tale.

1. Share price marked down on opening and drifts down all day
2. Last thing in the afternoon the market makers mark it down heavily as some fairly big sales come through from major investors bailing out and post a spread of 300 /600 halting sales.
3. Opens at £7.80 providing anywhere between a £1 and £1.80 per share for the market makers overnight - luvvly jubbly with massive volumes in first half hour.
4. Back to where we were yesterday morning as some take a profit on the day.

This looks like the boys shorted this one to perfection. Some cashing in yesterday but the ones with stronger nerves hung on until today and closed their positions first thing (probably 50 Mn shares in total) which brought in some more buyers - on the back of Darling's lies and smokescreen.


Stef said...

the only difficult decision being...

'Where to bank the proceeds?'

Shutter said...

Probably in a discreet little bank with an enchanting view overlooking Lake Garda via a Luxembourg Anstalt or that helpful firm of solicitors in Sark.

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish