"No it wasn't. It was a heavy sell-off on band news, shattered expectations, and exacerbated by triggered stops and margin calls; plus shorting. Nothing to investigate. Cheers, Skip "
While the points raised in your comments are indeed factual , perhaps there is at least one thing that warrants investigation.
I would have though that some scrutiny a broking house that had previously had a buy rec on the stock and coincidentally shorted almost a million shares just prior to the JORC release and a prority email sell to their clients with a sell rec and a revised price target about 80% below their previous target, would have at least raised a few eyebrows ? if nor a full investigation by ASX or ASIC ?
Cheers Hoot
CDU Price at posting:
$3.73 Sentiment: Buy Disclosure: Held
