It would be nice if CVi could publish a new top20 early next week after settlement of this week's trading.
As given the volume the recent sell down was either caused by a major holder desparate to bail out of the register ...unlikely... or someone / some group shorting.
If it is shorting ...who? Where did they get the stock from? Now while shorting is completely ok here in Europe I think ASX and ASIC frown upon the practice in Australia.
Either way I am still up on my holdings ...just not as up as I was and I am looking forward to seeing CVI go onto surpass its previous highs.
After all ...remember AUM/CDU last year ..when shorters close out a position they have to buy everything in sight regardless of price. If we have been victim of a shorting programme this week then just make sure you hold a few before it goes back up.
EB
It would be nice if CVi could publish a new top20 early next...
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