Zachary; don't think I could agree more. Pretty obvious here the price was going to go down, it's being driven down by large insto's who have been in control of this selling for the past 6-8 weeks now. Like I said, to go from $36 to $26 in the matter of under two months for an ASX top 20 company is pretty suspect IMO.
The downgrades I suspect have been known for many months behind-the-scenes and even in yesterday's papers, there was, quote, "rumours", about another downgrade coming up today. If even the major newspapers and media outlets know this information yesterday, it must be amazing what the insiders know, and have known, since mid-February.
Wonder how much more selling is left? Finding the bottom is my priority at the moment, hopefully with this latest news it will flush out all the sellers and go up from here. Good luck guys, best times to make money is when there is blood on the streets, remember that. Always better days ahead.
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