The other day, I was talking to someone regarding CFD and they explained to me if I have $50K, I can buy 1 Million GBG shares @20c with that. Similarly, I can short it as well. As I short or long GBG, the CFD provider has to either sell or buy similar amount. With such a price level it would be so easy to create panic and as the result Margin Call for all those CFD holders. Honestly, ASIC/ASX should do something about our regulations for shorting/CFD etc. None reflect the real fundamentals of the company.
GBG Price at posting:
18.5¢ Sentiment: ST Buy Disclosure: Held
