Ann: Record FY21 Trading Update, page-10

A bit defensive are you? Worried it won’t pump hard enough for you to sell for a profit? I do both day trading and fundamental investing so I have a unique sense of the psychology of the market. You desperately want to see the price go up not because you like the stock but so that you can sell at at least break even. If you really did like the stock you’d be wanting the price to go down, as that would make it cheaper for you to buy more. And by the way, this is definitely not a momentum play. Maybe a dead cat bounce, but certainly not a momentum play.