CDD 2.38% 43.0¢ cardno limited

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  1. 472 Posts.
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    Mid-February will be the key, as half-year reports should be released at that time.

    Since the profit warning it had been heavily oversold. Just a reminder - CDD was consistently over $3 back in November (so over $2 diluted now), before the update and before the cap raise. Any results not-worse-than-expected-bad should have positive effect. In the case that there will be an interim dividend (earnings might allow for that, but will really depend on Crecent's decision) we'll finally see that major short squeeze.

    In the meantime, SP will probably be adrift a while (in absence of any other surprises). I reckon that in few weeks we might see the influx of big speculators/shorters,trading on anticipated uncertainty before the half-year results announcements.
 
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