I have watched the opening today and it seems to me that across the board the ASX has reacted calmly to international events and leads. To my mind, CCC has (with just over 10m traded in the first 25 mins) held up well considering the pre-market concerns expressed.
Those who have bought in at these .073 (approx 450,000s) or at the .074 (approx 9ms), will I believe have been today's Smart-Money buyers. It is an early call, but I simply do not see any across the board retreat to warrant say 8,000 CCC shareholders deciding to sell off 2.6b shares today. The weather is too nice for a start.
Sometimes I think the market noise reminds me of a painting by the European artist Paul Klee back in the early C20th called "The Twittering Machine". Now even the name was prophetic, let alone the allusion to too much of what could be termed 'White-Noise' today.
Mikayla has popped in again to reinforce what DT and co openly announced, ie that we can expect a series of positive (and probably market sensitive) announcements in the near future. I for one am sitting on my lot. AIMHO.
Cheers esp.
CCC Price at posting:
75.0¢ Sentiment: Buy Disclosure: Held
