Chart Update, page-7898

Yup... the steady decline begins after 12 or 1.... Might not happen today but I still wouldn't get too excited about it for 3 reasons.
1. There is a lower gap
2. Some of the shorts might be exiting on the off chance there is a positive announcement tomorrow (at this stage there isn't even a guarantee that A2m will make a presentation, let alone release price sensitive news). If there is no such announcement, I expect the shorts to return
3. Lower gap.

Overall still a good sign... I would rather it was spiking up and settling back to the low 12s rather than spiking down and settling at low 12s. I personally think that as long as the investor presentation is like last year where they update the number of stores (and these numbers are impressive), we will either see the start of a gentle uptrend or atleast sideways choppy movement which is generally trending higher. On the flip side, any indication that revenue growth will be under 28 - 30% and we will be making a fast trip to the $10 range.