Commonwealth Bank: CBA: Shorting Opportunity

Submitted by Craig Strzelecki on 6 February, 2006 - 10:35

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?

Download our FREE App

Signup for Free
Don't miss out on your free share trading articles.

Free Risk Money Management Calculator for those who sign up!