The blog shows us that no profits were made.Indeed what is striking is that these very sophisticated investors traded over a considerable period and made a consistent loss.Incidentally zzedzz,we are focussing on 2010,not the last five years.
According to 3.1.15 on the blog, Deutsche Bank 'traded'as follows:
Period: Jan 1 to Aug 12, 2010
Bought: 11,128,527 shares
Sold: 11,789,750 shares
Net Sales: 661,223 shares
Avg Sell Price: $4.40
Avg Buy Price: $4.52
They look to be underwater 12 cents per share and maybe even more depending on the cost of the additional shares they have disposed of. A total of at least $1.4 million has been lost in 'trading'.
This is the beauty of facts and data.
A quick audit would sort all this out quite easily.The real concern is that significant churning of shares will keep the SP suppressed.
Now zzedzz,I don't know why the CDU SP might be suppressed,but I do suspect that a large predator is happy to wait until all the ducks are lined up in a row:ML,resource,plant,logistics,rail,shipping terminal etc.etc.etc.
But whatever,let's focus on 2010,not the last five years.
CDU Price at posting:
$3.39 Sentiment: Buy Disclosure: Held
