CCL fell 2.16% whilst the market fell 4.10% . In other words it outperformed the market by about 2%.
This is incredibly basic stuff which you don't seem to understand.
Come on.
You're argument where you said "Looks like the liquified sugar industry is falling out of fashion with those who don't want to damage their health." ....is currently wrong. At least from the point of view of volumes which increased, even in Australia. You incorrectly put too much weight to a negative that didn't exist.
Ok so what's next? Is this the part where you introspectively reflect and read what you wrote above and question if maybe you got this wrong...or is this result an aberration? What evidence do you have?
I don't want to have to hold your hand as you navigate through the poorly connected cognitive network inside your head. But it seems like you need this. You came out with a statement. It's on record. It appears that you were wrong. The market has been sold off for reasons that have nothing to do with the 'liquified sugar industry falling out of fashion'. So your statement above is still wrong despite today's price move, which as it turns out was actually better than most of the market.
If you are short based on pricing, then you would have done far better shorting other stocks and not CCL. But don't get movements in the price confused with the underlying business.
You can do better. Get that little hamster on the wheel inside your head to start running faster.
CCL Price at posting:
$8.59 Sentiment: Buy Disclosure: Held
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