If company reports for FY10 are weak, and guidance strong, you'll find it will be the same case as IDL today... whereby sentiment improves but for the share price to plateau in the short term. This is what the market is expecting currently, so the kicker would possibly be a better than expected earnings with aax able to live up to dividends as suggested at the end of last reporting season. In terms of when a report is due, I don't know. The smart investor magazine usually has this information around this time, but haven't had a chance to grab my copy just yet, as I'm away on work.
Market sentiment isn't really an issue with aax, depending on what sort of trader you are. I trade ranges and trends, so the more volatility the better. It just so happens that aax trends tend to last for up to 3 months sometimes (the good ones).
Short selling is huge on aax, I definitely agree with you.
Look forward to seeing the announcement. I might go back and have a look at what the expected dividends are from last year's report.
AAX Price at posting:
$4.15 Sentiment: ST Buy Disclosure: Held
