Without much calibrating, I feel that CCP is worth about $23.00. That, to me, means that 90% of that value ($19.70) would be normal for a buyer who shares my valuation, but who wants to buy with a 10% margin of safety. Consequently, if there is selling pressure, the SP can easily be $23.00 x .9 =$19.70. I would regard a 5% negative variation from a valuation as a routine fact of life, and $23.00 x .95 = $21.85. A negative 10% would not be routine, but it is still normal.
People sell for many reasons, so that dilutes the meaning that one can derive from the selling side of the buy-sell balance. One thing that CCP's history for the last decade makes clear, is that when the next lot of financial results and outlook guidance are published, nothing will be found to support negative SP price movements. Go back over the Announcement, and see for yourself.
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