I have heard news reports lately that indicate CBA have let through approximately 57,000 transactions of more than $10,000 and it is law that every single transaction above $10,000 needs to be reported to a government agency or department? Apparently every single incident can attract a fine of $18 million which potentially could result in a total fine of approximately $1 trillion dollars?
$1 trillion dollars is approximately 10 times the value of the bank, or approximately double the total national government debt. On top of this CBA shareholders have now launched a class action.
To my way of thinking news cannot get much worse. I would have thought Blind Freddy would be wanting to short CBA stock on the back of all of this? I have never shorted a stock in my life but I am keen to learn. How do I short CBA stock and/or do people think it is a good idea to do so?
Cheers.
Is shorting this a no brainer?
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Last
$127.38 |
Change
1.180(0.94%) |
Mkt cap ! $213.1B | |||
| Open | High | Low | Value | Volume |
| $127.00 | $127.61 | $126.27 | $277.5M | 2.190M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1360 | $127.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.38 | 37154 | 9 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CBA (ASX) Chart |