short csl, page-155

@cevatt, sorry, not meaning to find fault, but nothing falls for no fundamental reason.....things never go atmospheric without the saw tooth upwards movements with the usual corrections. I think the fall in share price is a case of a combination of a high PE stock, which has had a fairly steep rise following the last profit announcement, in a market which is falling helped along by Trump, investor profit taking, all together with another 6 months to wait before the interim profit announcement which would confirm that CSL is on the right track and their earnings and profit figures justify the high PE and high share price. Chances are, they will resume going up, but never in a straight line. My wife has held since the float, but I only bought at $155.00. No doubt the seller thought at the time that CSL could fall further and I certainly didnt expect the gain I have achieved in such a short time. I guess people get a bit nervous when stocks are priced that high, on the PE it is, and when it comes down to it, there are always those that want to take a profit, and those that need to sell for a variety of reasons. I can remember the time when there was adverse news about COH and it fell sharply either to approx $70 or from $70.
Good companies will usually resume an upward trajectory even after a correction which to us, seems overdone.