where is the bottom?, page-2

My view is as long as we see the US and Europe getting hammered it will keep dropping. People should remember it has excellent cash reserves, signed some big orders in June and remains hihgly profitable though.

I think $4 will be resistance, it remains in a strong position to be shielded from a global downturn i feel. I mean China will still be demanding resources and cap ex will still be strong one would feel. Unless we see a global apocolypse...

Lot of good companies going dirt cheap now including blue chips on a current PER of less than 10. Market is factoring in a full scale global recession, i think something of the sorts may happen but the domestic economy is strong here and we proved we can weather a GFC alreasy.