I have heard news reports lately that indicate CBA have let through approximately 57,000 transactions of more than $10,000 and it is law that every single transaction above $10,000 needs to be reported to a government agency or department? Apparently every single incident can attract a fine of $18 million which potentially could result in a total fine of approximately $1 trillion dollars?
$1 trillion dollars is approximately 10 times the value of the bank, or approximately double the total national government debt. On top of this CBA shareholders have now launched a class action.
To my way of thinking news cannot get much worse. I would have thought Blind Freddy would be wanting to short CBA stock on the back of all of this? I have never shorted a stock in my life but I am keen to learn. How do I short CBA stock and/or do people think it is a good idea to do so?
Cheers.
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CBA
commonwealth bank of australia.
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$182.58

Is shorting this a no brainer?
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Last
$182.58 |
Change
-2.170(1.17%) |
Mkt cap ! $305.5B |
Open | High | Low | Value | Volume |
$184.21 | $184.31 | $181.40 | $542.1M | 2.968M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6 | $182.58 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$183.00 | 917 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6 | 182.580 |
1 | 1538 | 182.570 |
1 | 125 | 182.540 |
6 | 1137 | 182.500 |
1 | 1538 | 182.430 |
Price($) | Vol. | No. |
---|---|---|
183.000 | 917 | 2 |
183.040 | 213 | 1 |
183.090 | 500 | 1 |
183.100 | 155 | 2 |
183.200 | 5698 | 2 |
Last trade - 16.12pm 01/07/2025 (20 minute delay) ? |
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CBA (ASX) Chart |
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Dr. Hartley Atkinson, MD
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