Wednesday, February 17, 2010

CCL sells off quite hard after Financial Statement


It took awhile, but the market is finally seeing the overpriced nature of CCL - down a tonne in a market upday.

Good day.
http://www.asx.com.au/asxpdf/20100217/pdf/31nqxqxn85kdxr.pdf

My pair trade long GFF/ short CCL is finally breaking even - one more down day on CCL and I should be sitting pretty.


this is also another reason why holding a stock through a financial report can be a high risk proposition.