'Contra trading is not the cause'

IN the past week, there has been significant press coverage on the now infamous trio of designated stocks - Asiasons Capital, Blumont Group and LionGold Corp.

The deflation of the bubble created by these three and other closely associated stocks have widespread impact on the industry and have affected investors ranging from hedge to long funds and retail traders alike across various intermediaries such as the private banks, foreign and local brokers.

There seems to be a misguided perception that contra trading was the singular cause for the bubble.