I know where you coming from and understand what your saying, you are an experienced trader/investor and my initial post is more for those who are new to the markets or have a tendancy to get caught up with the emotions. As I said in the post, there may or may not be good fundamentals, but with both cases you mention they have retraced more than 40% since there high and if you are inexperienced the pill would be very bitter. Now thats consolidating fundamentally and technically after being too cheap to too expensive.
Look at the XAO November 2007 - too expensive BHP 40ish ( great fundamentals, but expensive) November 2008/March 2009 - too cheap BHP 20ish ( great fundamental, but too cheap)
As for the stocks mentioned I hope they continue with gutso and great success into the future, I just was sharing what happens from time to time with those who get stung by inexperience.
When I see the charts CK put up, the first thing I see is the positive price range, as yes it will repeat, but try and get the bottom of a range wherever it may start from and take 75% of it. If you have a long term belief of the stock and are holding long term then I wouldnt be too worried about what a short term trader like has to say.
