CCC 0.00% 0.1¢ continental coal limited

80 million options converted by linq, page-21

  1. 7,163 Posts.
    lightbulb Created with Sketch. 1
    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 .
 
watchlist Created with Sketch. Add CCC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.