poor performance, page-9

Yeah that's again a good point. If I believed that they were selling because the news was so dire that the shares were worth less than $2.33 then I'd dump them now, but obviously I don't. With the volume that's gone through it's clearly a fund of some sort that has liquidated (or is still liquidating) their position. When they do this they'll have a time frame in which to get rid of the shares, hence the forced selling to these levels to get them out in time.
I believe that the information they have is as follows:

1. The results to be announced in Jan will be worse than previously forecast (i.e. the previous forecast of a drop in eps of around 30% may now be a drop of 40-50%).

2. The dividend will be reduced (previously not mentioned).

3. Forecasts will remain grim for rest of 2009.

These pr*cks have been told this info by ALS so are now out (I hope), hence I don't see any point selling at these levels. Even with the above assumptions, the p/e at these levels will be less than 5 and the dividend yield still good even if it's halved. If they know something else more sinister then I'm wrong, but ALS have eluded to the above in their most recent 'price query response' so I'm pretty confident that this is the extent of the leaked info.
I noticed that you once held als - did you get out before this recent vomit?