Bearish Chart, page-6

I know how book values work. And was just giving a basic reason as to why it is expensive. But that is not the only reason. Anyone who thinks REA is still good valued with a 14.5x book value, 35 PE and a 5 billion market cap for a real estate marketing company. Really needs to rethink their logic. Even though it has already fallen from the high $40s back down to where it is now. The book value has hardly moved and is still only around 14.5, down from 15.5. It still has a long to way fall. I have stated this a few times that a book value of around 3 would be the top end they should be. And believe based on my charts that the share price is now resetting's its self back to a more realistic price level. After years of overshooting its self. Also remember they are burning through cash fast. Way to fast for my liking. In the past 6 months alone they have gone through a few hundred million. And when i last looked are almost out of cash. We also have a overheated real-estate market. Which I think is about to peak and starts its natural decline. All this will be very negative for this stock and many others including bank shares. So the only direction i can see them heading is down.