The overall market is risk adverse. When the market picked up earlier the overall market opened their arms to a bit of high risk/high return. The small cap speccies did well. We are seeing the current climate reduce risk due to world events. Speccies that did not perform as well as hoped are all pulling down. Those that did well are still moving, however expect profits to be taken if the overall market continues to be risk adverse.
Just because the market in general is avoiding risk, doesn't mean any particular stock is worse then it was half a year ago, it just means the demand for that particular stock has reduced, hence SP's are lower.
CCC at the moment is risky, it didn't perform as well as hoped, so the overall market moved out. The bigger investors, who's job depends on them not losing money, have no choice but to leave for now. They are most likely moving that money into more defense investments until the middle east storm rolls over.
If you don't like a bit of risk then cut your losses and leave and invest in silver, stick it in a bank or spend it on rock and roll, whatever. Don't whinge about risky investments not performing.
Those holders that are left standing know that there is risk, we understand the company could implode. There is NOTHING that hasn't been said for good and bad. Just be patient if you still hold, otherwise thanks for all the fish.
CCC Price at posting:
61.0¢ Sentiment: LT Buy Disclosure: Held
