To be honest, I was not happy with how things looked last night. My concern was mainly associated with how the notice re O-Z would impact upon the more casual holders.
Whilst not a reason for rejoicing, the sell-off could well trigger a recharge it appears. The larger institutions listed on the top 20 may well seize the opportunity to take out more sizable parcels.
Days ago there was a fairly broad consensus here that CCC was on course to break much higher. Nothing fundamentally has changed except that we have had some more good news. As we now know we witnessed an orchestrated sell-down by an institution booking a profit. At the same time it is a fact that large buys did occur (particularly on the No-Rain Impact/New Presentation news).
Stelep7s' observations that often a sp rebounds strongly after such a sell-down plus this well-timed report (thanks Fatandlazy) have buried any short-term concerns for me.
Come on brenden, share your thoughts in detail re this report when you can. It would be much appreciated, I reckon.
CCC Price at posting:
84.0¢ Sentiment: Buy Disclosure: Held
