I like most am horrified with the sell off. Surely it is grossly...

I like most am horrified with the sell off. Surely it is grossly oversold!! Someone mentioned margin lending and with a price drop like this one this would have a significant effect and we should see a turn around soon when the market accepts the oversell.
I just can't see that the downgrade for 2017 is that bad and given that I believe the company when it says the next div of 6 cents will not be affected in fact div in general should not be effected I am convinced there will be a bounce in the SP soon.
Anyway I will hang in there and enjoy the div and wait for the inevitable recovery in the SP as this is a solid company with a proven track record and good management.
Some are panicking which is a no no in my book. I would buy more but feel I already have enough and don't want to be overexposed if I am wrong.
GLTALTH.