CDU 0.00% 23.5¢ cudeco limited

"transparency i don?t think so"

  1. 74 Posts.
    I have been observing the trading of CDU securities over the past week. Manipulation and a blind eye turned the other way from the ASX. Talk about asleep at the wheel. In one day 50% of the stock is shorted in a single day 172,000 on Thursday. Now there are only two reasons you can have to have the confidence in a risky play like that. Only TWO.
    1. The "shorter" knows something big is about to happen and wants to accumulate as much stock as possible, by "scaring" small shareholders into thinking the stock is retreating and loading up on the unsuspecting small shareholders and then selling on the good news. OR
    2. The "shorter" is so sure of themselves that CDU shareholders will panic that they can clean up by shorting CDU to the extent of 50% of the total days trade and that small Mums and Dads will fall for the bait. AND in the process make a bundle of $$$$$$ at shareholders expense.
    History in the trading of CDU dictates that CDU shareholders are not sophisticated players and are easy to panic and easy to play. The last time I looked CDU had more than 8,000 shareholders with the top 30 having over 50% of the total amount of stock. That means that the balance of 70m shares are held by the other 8,000., that's only an average of 8750 shares each, take out some of the larger shareholders in the 8,000 and the average of 7,000 shareholders is around 2,000 shares. They are just "fodder" for the shorters and when they send a stock down they suck in some of the larger players, not many but a few and then they have the "march on" for the stock.
    Unfortunately, the ASX protects the shorters by not allowing shareholders of ASX listed companies to know how much a stock is shorted until 3pm on the day after they shorted.
    Now the ASX is the "PREACHER" of transparency, EXCEPT they don't allow the transparency to the shareholders. To balance things up the ASX should release the "short sell list" before the opening of trade each day not 5 hours after the start of trading. If shareholders click on asx.com.au and type in "short sell list" you will see on the left hand side of the page Short Selling List, click on it and it will give you the list of all the companies that have been shorted, BUT only after 5 hours of trading. So at 3pm they release the shorts for the day before. Why do they put out the short list 5 hours after trading?
    "To protect the Shorters", Why? because the shorters are the big players, they make the ASX their profits, the small players are the cannon fodder. If you can think of another reason why they don't release the info and be transparent, Please let us all know.
    If the 8,000 shareholders took on the shorters, the power of 8,000 shareholders would destroy them. 100%. But it seems that CDU shareholders don't have the fortitude or the backbone or perhaps it?s just not understanding what?s going on,anyway That?s how I see it. It?s easier to blame the company. BUT Shine your torch on the manipulators for a while. This is how I see it and I like to tell it like I see it. Open for comments.
    Good luck all .

    Ikey Moses
 
watchlist Created with Sketch. Add CDU (ASX) to my watchlist

Currently unlisted public company.

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