Further to your comment regarding how many ASX50 companies fall this much so quickly.... CSL - arguably one of the best stocks on the ASX, fell around 25% in 1.5 months from a high of $232 to a low of $175. Or as you would put it, it 'dropped' 33% in less than 1.5 months. Management was arrogant and didn't put out any announcements to calm the market.
There aren't many high PE companies (over 35) in ASX50. I am sure that most high PE companies in ASX50 would have dropped below their 200MA in recent history. Its not fair to compare to other companies on the ASX50 like banks because they are on a lower PE/growth so SP is less volatile.
You are making comments that you are not backing up and your maths is flawed.
Chart Update, page-7435
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| No. | Vol. | Price($) |
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