Back on October 11, at a meeting with Rosneft shareholders, I was chatting in the corridors about this and that with a reporter from an international news agency, and she told me that a decision had been made to pump money into the stock market through VEB (Vnesheconombank, the state development bank). Basically, to buy up shares directly on the exchange. I said: no way! She said: I’m telling you, absolutely. We agreed that the authorities had completely lost it — total lawlessness. There’s no point to it, but insiders will make a killing. So there you go. From 18:12 to 18:16 Moscow time, shares of Rosneft worth 624.5 million rubles were bought on the MICEX (Moscow Interbank Currency Exchange).** * From 18:17 to 18:21 – ordinary shares of Sberbank worth 1.9 billion rubles.***** * From 18:21 to 18:29 – shares of Gazprom worth 946.6 million rubles.*** The money still isn’t in the market yet, but whoever knows what to buy is already loading up. There’s a Vedomosti article on this. The head of the FSFR (Federal Financial Markets Service), Vladimir Milovidov, is convinced this was not insider trading, but promises to look into it.
How to Get Rich in 17 MinutesYesterday evening on the MICEX, trades in Gazprom, Sberbank, and Rosneft shares totaling 3.5 billion rubles were executed in 17 minutes. That same day, a decree was signed allocating 175 billion rubles to support the stock market. Trading in Sberbank ordinary shares on the MICEX opened at 28 rubles (up 6.95% from Friday’s close), after which the price began to fall. By 18:15 it had reached its lowest level of the day — 23.81 rubles. More This article is in the blogs[?]
ella-p Those guys made out like bandits in 17 minutes — big time. The perfect business. Crooks, basically.