CGT castlemaine goldfields limited
Add to My Watchlist 0.00% ! 21.0¢

distressed selling?

  1. Robert_xx
    1,860 Posts.
    clock Created with Sketch.
    15/06/10
    10:01
    Post #: 6802933
    Bank of America getting out

    my guess, probably a distressed sale as B of A is one of those too-big-to-fail banks being propped up by TARP type funding, and they were probably the one's selling at less than issue price, probably didn't even participate in the new issue

    just a theory

    what is rehypothecation? some crazy yank financial problem for somebody I suppose
    CGT Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS The 4 sectors poised to benefit from Australia's immigration wave
right-arrow Created with Sketch.
NEWS Listen: HotCopper Wire Podcast 024 – Two '4D' stocks to watch, but only one winner
right-arrow Created with Sketch.
AII Why Almonty Industries is THE tungsten mining stock to watch
right-arrow Created with Sketch.
NEWS New targets and high-grade intercepts drive Bullabulling drill expansion
right-arrow Created with Sketch.
LM1 High-grade targets in focus as drilling begins at Evanston
right-arrow Created with Sketch.
MEM Memphasys secures transformational A$325K initial order with exclusive Middle East partnership
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
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.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.