I think share prices have gone way past normal common sense .Its not about value any more ,its about fund redemptions.
People are putting their super fund back to cash ,and other funds will be getting lots of clients asking for cash back .
When people are asking their fund to go to cash ,they are blissfully unaware that their fund is selling shares at a fraction of their true value.Funds just do as they are told.
To compound that you get margin calls ,and people who have simply just taken too much pain .
Just be aware for many stocks ,it has nothing to do with fundamentals or what the company is doing.
I have no advice for people should do in this situation.
CCC Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
