I jumped on board today after an alert for a 5% drop in share price was received. To have dropped 8% at once stage was definitely overkill for allegations made. Agree at 4% down this is still a buying opportunity as I can't see these ex employees whose images were blocked getting involved in a formal enquiry and the regulator allegedly did become aware of certain practices according to the employees and took action to fix them.
Compared to the China arrests on a scale of 1 to 10, this is a 1 while the China arrests were a 10 . Maybe the China episode forced many investors to pull the trigger unnecessarily to sell today.
CWN Price at posting:
$11.24 Sentiment: Buy Disclosure: Held