Commonwealth Bank: CBA: Shorting Opportunity

Submitted by Craig Strzelecki on 6 February, 2006 - 11:35

The broker ABN Amro has placed short-term trading Sell recommendations on both Commonwealth Bank (CBA) but on a bittersweet note: still rates the stock as a long term hold. ABN Amro reckons that the short-term risk/reward has now moved to the negative side as the stock is trading at a significant premium to its valuation of $39.59. Perhaps a shorting opportunity for active traders?