I think the implications of JP Morgan's disclosure of buying 5.25% of
$SIVE is a lot greater than people think.
> $135M is pennies to US institutions. They can easily acquire 25% with their capital.
They're just constrained by the amount of float that's available from retail to buy.
> Signals to other institutions that other large institutions are buying up the float.
Which triggers more institutional interest.
> Given float is heavily shorted by Swedish Hedge Funds and random algorithmic ones.
If large US institutions like JP Morgan are starting to buying the float, it's a blaring signal to start and cover.
Of course, most of all, this is validating thesis of giving ideas to retail first to frontrun the institutions the next CPO supercycle.