SP Movement

When I make my investment decisions, one tool I use is a website called Shortman. It basically tells you how many of the company's shares have been shorted. Why is this important? There are institutions and, supposedly sophicated, investors who reckon that if the CEO is talking BS and the SP is over valued. Hence, they bring a sense of reality to the SP.

I have been watching CRO on Shortman and guess what? 0.0019% of CRO shares have been shorted. Practically ZERO. This tells me that people who are on way higher pay grade than me, who have way more funds than me to invest, think CRO SP is fairly valued and/or is not worth "betting" for the SP to go lower. It also tells me that they have confidence in the BOD and management.

Now, CRO has been shorted in the past but not to a great extent. It had high liquidity in SP until recently but we are to be in the S&P Technology Index very soon. Think about it, the people at S&P think we are a creditable company as well, and rest assured, they have way more resources and get paid way more than me as well !!!

I am comfortable my investment here knowing that the people at S&P and the Shortman website tells me that they think likewise.

https://www.shortman.com.au/stock?q=CRO

xxxooo