maybe the fall is partly due to management constantly chopping...

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.