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.
Is shorting this a no brainer?
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Last
$138.13 |
Change
3.230(2.39%) |
Mkt cap ! $231.1B | |||
| Open | High | Low | Value | Volume |
| $137.04 | $138.13 | $136.54 | $588.4M | 4.427M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 122 | $137.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $138.15 | 1500 | 2 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| CBA (ASX) Chart |