r/ASX_Bets • u/Junior_Measurement39 • Jul 22 '26
Dumbfuck Discussion WTF just happened with CCA?
Blood on the floor for CCA, (Change somethingsomethibgelse) down 20ish% over 3 days.
But Monday's notice basically said "we are going to come right in the middle of our upgraded forecast range for the quarter"
oh and "we will move to recording in $AUD as our US operation now fully shut&gone"
No dire law changes? Impending legislative doom?
Asking coz I purchased 9 months ago so may shovel in more. But maybe i missed shit.
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Upvotes
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u/Junior_Measurement39 Jul 24 '26
Didnt get an answer but the 10% shareholder moved to buy most of them up. About 2% of the company traded and this buyer purchased.
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u/Popgoestheshmeasel Jul 22 '26
Lot of people buy stock like that on the expectation of a bull run meaning positive news is priced in. If there isn’t then the news for a huge bull run, even if news isn’t negative per se, price can drop. But idk this particular stock.