CBA commonwealth bank of australia.

Is shorting this a no brainer?

  1. 970 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
$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
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Last trade - 16.12pm 01/07/2025 (20 minute delay) ?
CBA (ASX) Chart
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