classic market manipulation, page-5

If you have a look at CSV over the last 12 months the same technique has been employed a number of times. This time however it's been very successfull as it broke through the support levels at $1.68. Holders should take heart by reading FY 10 Results Presentation - buried at the end of the FY 10 presentation is the business outlook that states NPAT 2011 will be MORE than double 09 level 23M x 2 = $46M. 202M shares on issue, current SP $1.50 gives a forward 2011 PE of $1.50/22.7 cps = 6.6 PE ! Seems to be a value mismatch. Trading on 2010 PE of around 10. ie $1.50/15.8 eps so if they meet guidance then SP should be AT LEAST $2.27 next year on a PE of 10. All good unless someone know's something we don't know and there's bad news on the way

Fair chance of a V bounce I think - bit like traders scrambling to cover shorts.