Some of us were ridiculed when we said it could go below $12.
It's a growth stock so once people get scared and get tunnel vision and stop thinking about where earnings will be in a few years, all they'll know for sure is current earnings. And a valuation based just on that would be fair at even $5-7.
It won't JUST be punishment for their bad decision but a combination of bad market conditions for the ASX, shorters, China fears, and their willingness to sell out could make unthinkable prices possible.
Picking The Top, page-334
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