CCC, as displayed by the volatile movements on fair volumes has been and will continue to be a trader's dream. We know the larger players have telegraphed their moves and so many small holders have simply drifted in and out as the sp has bounced around. It is only those holding for more than a few days who are feeling low, I reckon.
If the trend since even August continues as it stands, then a rebound with the same players shifting tack seems on the cards. Shake too many out and we will only see sideways movement and that benefits no-one, because Traders need movement up or down to do their thing.
So, to my mind, we are likely to see consolidation of the sp at these levels. My view will be reinforced by a positive Half-Yearly that will contain the facts and figures that underline the growth thus-far.
2011 has a way to go and my sentimet is still buy to hold if not an active trader.
That is just how I see it. esp.
CCC Price at posting:
72.0¢ Sentiment: LT Buy Disclosure: Held