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re: Ann: China Oceanwide requesting FIRB to i... The timing is...

  1. Charlie123
    2,206 Posts.
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    10/09/13
    19:44
    Post #: 12312471
    re: Ann: China Oceanwide requesting FIRB to i... The timing is neat.

    Clearly OW didn't want to do the M&G clowns any favours as they dumped their 34M in blind panic.

    The retail holders (and most probably the employee share purchase plan) fill their boots in the fire sale....Chinese soak up a few million here and there to show they're staying the course. The shorters assumed remaining funds needed to be raised on market at sub $2, then OW flag their intentions. Will be an interesting few months ahead.
    CDU Price at posting: $1.77 Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch. 29  Upvote
    lightbulb Created with Sketch.  Great analysis
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