Nope sophisticated investors are not smarter than any one else.
One simply needs to look back at past announcements with this company and look at all the millions, yes millions that sophisticated investors have lost on CMY in the last 5 years. Quite surprising that a company with such a low MC has lost so many millions to its sophisticated investors. This has been and will continue to be the the worst medium to long term trade on the ASX.
Short term, well if you are the 0.1% lucky enough then by all means try your best to flip a $1 on this.
CMY Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
