Incompetent investment managers ... incompetent capital raisers ... the only heartening aspect in this entire fiasco is that they, given their substantial holdings, are losing even more than I.
The instituations have long promoted the concept that smsf's should not be managed by amateurs, as they don't possess the skills required to make money on the stock market/s, CDM is blowing that BS out of the arena with abysmal, and continual, trading results (in a buoyant'ish market!).
I'd sell yesterday except I'm loathe to capitalise my loss.
I'm so bloody disappointed with this mob ... and my-self for obvious failure in my due diligence.
Rant over .... where's my beer.
CDM Price at posting:
$1.27 Sentiment: Sell Disclosure: Held
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