No secret I like CWN right here this week...the US casinos are all rallying and the short who likes to control our gaming stocks is in way over his head from yesterday.
28% of volume completed in the afternoon match.....does the ASX even need an afternoon match at all. Thats a joke and its happening alot. Volumes should be completed on screen in the trading day not after hours. The afternoon match has become a "dark pool"
Anyway...See a strong bounce to 8.70 or higher by Friday. A week ago I bought KCN at 7.35 and sold at 8...its now 9.40.
Can see CWN doing similar. Casinos are a leveraged play on a US rebound...which seems to be happening.
Add in CWN being shored more than most, and many a willing buyer including James Packer uppping his stake at these levels. Valuation is compelling here.
The manipulator in this stock cant hold it back forever...he tried with ALL and failed.
