It would appear that you couldn't have timed your entry any better Slick. Regardless of however US politics might play out on ASX healthcare stocks such as CU6 (and i personally have absolutely no idea) the CU6 chart appears to have once again turned into the uptrend us holders have gotten used to over the past 12 months.
What I've found interesting is that the ASIC shorted stocks register has now indicated that short positions have halved, from just under 6 million at end of September (~1.9% of issued stock) to just under 3 million end of last week, now roughly 1% of stock on issue.
The big question I'm now wondering about is whether CU6 will be included in the ASX 200 rebalancing announcement in early December - certainly those existing shorts might be under some pressure for the next 4 weeks if the answer is Yes (ie CU6 to be included in the rebalancing). And if the answer is Yes then perhaps we can expect the share price to break through the all time high of $8.975? Any opinions on whether CU6 will be added to the ASX 200 in December much appreciated.
CU6 Price at posting:
$7.35 Sentiment: Hold Disclosure: Held
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