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7,163 Posts.
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26/10/10
22:18
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I occasionally talk about "brain dead idiots" .
Now if Linq hadnt done this ,CCC could well have been over 10c ,because momentum was feeding the rise, backed by extraordinary fundamentals .
They would have made much,much more by waiting ,or possibly feeding them in more slowly .
Momentum drives prices these days ,and CCC had it in spades .
These fundies think they are pretty smart ,but I dont see it that way .They are just bullies with lots of money .
So ,Clive and Simon ,your books might look good this month ,but not really the smart thing for your clients .
Classic case of a fund with money ,but no idea.
The manner in which they pounded the share price is akin to corporate vandalism in my opinion .
These funds should be more responsible in the way they conduct their dealings for large orders .
It did appear to be a gloating announcement ,but really had nothing to do with skill on their part ,just short term opportunism .
Anyway, good luck guys ,see how dumb you look when its 50c .
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