In the "crazy times" depths of the GFC Orica was around 11-15...

In the "crazy times" depths of the GFC Orica was around 11-15 dollar range.

Since the crazyness subsided though Orica has never traded below 17.47 and thats going back years and years and years when their profit was smaller, company smaller etc etc etc.

Yet here we sit today and the price is 40-50cents away from that lowest point *ever* outside the GFC. ASX is so clearly a stockmarket not to be trusted for a single second.
Anyways anybody sitting around wondering what to do it might drop further as the panic takes hold.

But either way its in the buy zone on all measures and in 6 or 12 months there will be profit to be had. However given the scale of the stupidity I'd wager come Dec-Feb timeframe the stock will be back to close to $20 or so.