Who got that moderated seriously?
Some absolute twits around. This is about CU6 entering both the ASX300 and ASX200 in June. Some here obviously have problems with reading comprehension....will spell it out;
I said this on the TLX thread as they will likely enter the ASX100 in June; it applies even more so to Cu6
Instos will likely push this into both indices in the June rebalance and manufacture the liquidity to do so, mopping up the freefloat as they do.
Then they will offload to the index funds at a nice profit as said funds drive it much higher.
Then they will borrow stock from the index funds and short it back down to fair value.
So there could be a massive spike coming.
The same thing happened to WBT; smarties pushed it into the indices and then offloaded to the index funds when they were forced to buy it up to $9.50.
Interesting few months ahead IMO.
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