imo abu, the smarties saw LINQ dumping stock and bailed on 20-40% profits, not wanting to ride it down (eg. OCH-ZIFF). After that we've just had retail investors following suit as its got lower and lower.
I remember A123's post about the number of holders of CCC on HC. It probably wouldve made HC close to the biggest holder of CCC. Now most of that positive sentiment is gone.
In essence we've had a debt funder (linq) and our 2 biggest holders (OCH-ZIFF and HOTCOPPER) dump most their stock.
No company's SP will hold up against such an onslaught.
None of this changes the company's underlying fundamentals.
I could be wrong with my reading of the situation, but it makes sense to me.
CCC Price at posting:
56.0¢ Sentiment: Buy Disclosure: Held
