That depends on your view of the world.I personally believe that...

That depends on your view of the world.
I personally believe that we will all be transacting via etpos and atm more tomorrow than were did today, and for that reason I am a buyer,regardless of whether some believe it's too expensive short term. But that's just me....I cant answer for the sellers at the moment, but If they managed my money, I'd be pretty unhappy about them selling my stock at the bottom of the range.
Point in case....lets assume that the ASX 200 has another 10 percent to fall. Extrapolate that into a price movement in CUS, that's equivalent to 2cps or a drop to 20c a share. However, dont forget that the market thought that the stock was headed higher when we traded at 32c plus, or 30 percent higher.
So.The stock has fallen 10cps so far and it has another 2c to go and the seller is still prepared to lose their stock. Strange, very strange. Even stranger but nevertheless a great result for the company. A strongly oversubscribed placement only 4 wks ago at 25c. Why would you push hard to get allocated stock at 25c to then see it sold down to 22c.

Conclusion...One would hope that in the midst of a market sentiment shift from exhuberance to despair, a range of 30% would be reasonable to expect especially in the absence of any change in fundamentals. Hence my question...If Customers Ltd has already fallen 30% from its high, is it cheap or is it still a sell.

ps plse forgive a punter's ramblings!!!