CDU 0.00% 23.5¢ cudeco limited

cudeco (cdu) - share trading, page-38

  1. 46,741 Posts.
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    Skipper said

    "No it wasn't. It was a heavy sell-off on band news, shattered expectations, and exacerbated by triggered stops and margin calls; plus shorting.
    Nothing to investigate.
    Cheers, Skip "

    While the points raised in your comments are indeed factual , perhaps there is at least one thing that warrants investigation.

    I would have though that some scrutiny a broking house that had previously had a buy rec on the stock and coincidentally shorted almost a million shares just prior to the JORC release and a prority email sell to their clients with a sell rec and a revised price target about 80% below their previous target, would have at least raised a few eyebrows ? if nor a full investigation by ASX or ASIC ?

    Cheers Hoot

 
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