Thanks lukentel.....I hope my 14.5 EPS comes true ! I may be a little bullish. In regards to the share spike ...the sell down was irrational and not on huge volume and was only a matter of time when some canny investors spotted a great entry point...I also alerted a number of people to buy which may have helped. Now in technical terms a "pullback" has been completed and we are back in the Assymetrical Triangle pattern right at the Apex ( the point ) at $2.84. This time we are hoping it will break to the upside i.e > than 5% move above $2.84. Let's assume the market is guessing EPS is 22 CPS ( upper end of brokers )so at the moment it's trading on a PE of 13. That means at 25 CPS = $3.25 and 28 CPS = $3.64
19 CPS = $2.47. In theory the re-rating should happen pretty quickly because it's actual not predicted revenue - 12 days to go !!
Thanks lukentel.....I hope my 14.5 EPS comes true ! I may be a...
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