Oversold, page-15

The market continues to be wary of CLH. Certainly wish they weren't as I bought at $2.28, but I have to agree with Yskelo that it's going to take a while to get back there.

May also take a while to forget the directors dumping millions shares on the market throughout this year while only buying a pittance. However reasonable the justification, the sheer volume was troubling, and there appeared to be a charm offensive to get new investors in to soak up the directors' shares and prop up the sp. The added buying volume meant that we didn't know that something was amiss with the selling volume until Punches flooded the sell side for a couple of weeks. End result: a bunch of new investors taking a hit then heading for the doors.

But I still wonder whether there's something else I'm not seeing... Only thing I could come up with was the possibility of one-off writedowns in 2016 with a new, tougher auditor. Other than that CLH looks the goods. Certainly Mizikovsky is happy to keep on buying.