CSL Chart, page-333

Shares like CSL  can easy drop the 10% mainly when such big shareholder trow in market 250 millions in days that naturally the price would fall down as result of international pressure.

But we all know what company we are talking about.

Not any company will make money in any scenario. This vaccine and plasma company will be here much later than most of stock market companies will disappear and will, every single month make good sales, profit and growing.

Expect a PE similar than the peers or other industries is exactly the same like expect a "Pele" the famous old soccer player, charge for his works the same as a 2nd tier Vietnamese player (with all my respects to Vietnamese soccer players).

Of course always will have people more happy to pay 30 x for CSL and not 15 times for companies with poor safety is highly volitile

Very hard call bottoms, but I would like give my guess. Today is the bottom and for two single reasons. A company that was 68x and now is around 30 and the major pressure overseas and local ends today (the major holder sold... and the pressure of large volumes ended.MESO ended very close current price in Australia (about 175)

Now slowly the opportunistic ones will come to buy small slices . As soon we came back to 180 (after drop to 174/174.50 ?) plenty of buyers targeting 10% profit to the end of year.(buying 174-180 and selling at 190-195)

My views and not advise.

Cato