Well going on the graph you posted we pretty much were tracking the index until March when our SP not only held during the March ASX 200 drop but rose while nearly every other stock was in free fall. In April we dropped a smidge while the ASX 200 continued its drop off the cliff. Only in August after outperforming the ASX 200 did we start the downward leg.
If history repeats and we look at the 29% drop last year from the ATH we are possibly looking at low somewhere in the low $14's. Who is to know where there bottom is going to be this time around. Conversely if you take all the previous chart history as a guide we are going to return and exceed our previous all time high at some time in the next year.
To quote one of my favorite sayings . “All of this has happened before, and it will all happen again.”
Chart Update, page-13016
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