death march, page-7

maybe the fall is partly due to management constantly chopping and changing the business model and failing to deliver profits year in and year out.

i held lfe stock around this time last year and i remember the fy06 results were expected to result in a profit, they didnt but management promised a dramatic improvement and a guaranteed profit for fy07.

now they have moved the goal posts again with profits expected in fy08. it might just be a case of investors not believing the story anymore. revenues have increased out of sight but so have expenses & losses.

one for the watchlist because i dont think it is going to bounce anytime soon. stocks that have been hammered like this almost always go through a lengthy consolidation phase before correcting. if it is to go back up i think it would only be after a period of some months showing some solid support and sideways movement. longer term chart suggests it might find support around 50cps.