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20:38
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Originally posted by Silverchair:
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Thought I might mention a bit about broker reports - the downgrade to a HOLD from BUY (with price target unchanged at ~$37) was cited as the reason for CUV shares falling more than 20%. That is a fallacy, it is clear it is the false sell liquidity of new open short positions, combined with algorithmic trading from one account to another has forced the share price to get smashed. PME just a few weeks ago had a broker downgrade to SELL and it is today trading 10% higher and it never got smashed despite trading on a P/E around 200 (compared to CUV P/E 60) and despite CUV having equal or even better financial results. So on broker reports it should be noted they usually come with 3 to 6 pages of disclaimers at the end of these reports, but one report I have sitting in front of me has this right on Page 1 "investors should be aware that the firm may have a That is on page 1 of a major research house. Don't believe games are not played on financial markets, the Banking Royal Commission which found numerous illegal and dodgy practices should have gone much further and explored our financial markets and I'm sure we would have all been shocked with what was found. The games that are played are invariably about parting the unwary with their cash and/or their shares. Here with CUV it should be remembered that well over 2 Million losing open short positions need to be closed out. As for the company they could do more to protect us, stronger buying from directors and a share buyback (as PME has in place even though largely unused) would be a nice start.
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Thought I might mention a bit about broker reports - the downgrade to a HOLD from BUY (with price target unchanged at ~$37) was cited as the reason for CUV shares falling more than 20%. That is a fallacy, three years . They are already in Phase 3 trials for EPP and Phase 2 for Systemic Sclerosis. https://www.mt-pharma.co.jp/e/develop/pipeline.html
(20min delay)