it is the risk management that smart people doing by dumping it .. only gambler buys thinking it is low and then comes to hotcopper like @noomxx and @Tarvold !
the second problem is that Healthscope is no longer publicly listed company so no way to get their annual report to work out how serious or small is the problem and everyone knows that hedge funds are ruthless !
when someone like AFR prints article with warning then investor takes a note while gambler takes a bet
not withstanding fact that with improved healthscope result can change situation but again investing on the basis things will fall on your side is gambling not investment... ! also HMC track record with HCW isn't glorious so far.... as far as price return goes .... !
anyways Macquarie just reduced price target from $1.32 to $1.02 .... which is 22% reduction and there must be reason for them to believe that !!!
HCW Price at posting:
91.5¢ 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)