Summary from Richard Coppleson: (for history this guy is an old duck, been around along time, handled lots of institutional work previously for GS, now semi retired, but has his fingers on the pulse, and very much respected amongst the institution crowd, and its the institutional crowd that has the weight of money to effect flows and hence share prices.)
Commentary: "CSL was top traded stock with a lot of instos selling" "CBA was 2nd most traded stock and this shows how heavy the selling in was in CSL today. Says it all, if you thought CSL was a buy for a while, (stay away for a while- its not going now where for the next 4 months, looks like dead money & so instos will move on quickly) "read what happens to stocks that close down on the day they report- you need to know this'. "Every index was up today bar 3- healthcare hammered hard because of CSL" "CSL missed by -4%" "Stock is on a 23xPR and market wanted more than this- has been a real disappoint for shareholders for the last 5years."
CSL Price at posting:
$256.96 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)