CLR was removed from the All Ordinaries Index this morning, well...

CLR was removed from the All Ordinaries Index this morning, well that explains the aggressive drop over the past week or so. People were selling out on the assumption that it would be removed and to beat the index fund rebalances.

I suspect we may have some moderate pain to still to come before CLR turns around but atleast there is an explanation why it is happening.

None of this changes the fundamentals which will be out in the market by June. It is just a matter of being patient.

I am the Iceman!