CBA commonwealth bank of australia.

Is shorting this a no brainer?

  1. 982 Posts.
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    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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(20min delay)
Last
$172.42
Change
-5.450(3.06%)
Mkt cap ! $288.7B
Open High Low Value Volume
$177.89 $177.99 $171.55 $408.5M 2.356M

Buyers (Bids)

No. Vol. Price($)
2 62 $172.40
 

Sellers (Offers)

Price($) Vol. No.
$172.53 500 1
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Last trade - 16.19pm 22/07/2025 (20 minute delay) ?
CBA (ASX) Chart
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