12% DROP

[Hibiscus]

Does any one have any explanation why?? please

[ABuzz]

Maybe CE John Gomersall's statement on 12 July about National Credit Act "dampening demand for cement" ? OMO

[earlyret]

There seems to be a big seller in the market pushing it down...

[Hibiscus]

Maybe the big seller has the same problem I have. Due to the unbundling of PPC from BAW I am suddenly directly over exposed to PPC. To keep balanced composition I will have to sell a few as well. Timing is not right now

[#5]

Could this be a sign? although Perhaps only for a few months until summer that the Building Trade is peaking a bit? What about the Construction Stocks like MUR with those high PE's? I am tempted to short MUR.

[Hibiscus]

I will be hesitant to do it. Construction sector will only grow over the next few years. Maybe short term yes

[#7]

Hi Hibiscus. You are more than likely correct. However one cannot deny there is quite a bit of future growth built into the price of MUR already. If something had to happen and MUR lost contracts overseas or here then we could see a different story perhaps? Cheers, BTTB.

[john_1]

I happen to agree with you chance of an unside surprise is small compared to a down side surprise and we all know how this market hates surprises.