market update, page-63

thanks poly,

it was previosly on a pe of 5, while leading a small rally, based on perceived base of 2.50 from the cap raising.

So to 1.40,,,that would be the same PE rating,,,

I expect you may be right, that the 1.80-2.00 would be were it might recover to, in same sentiment as it was climbing over 2.50 before the guidence cut.

So, to enter. Will the market in the next few days, run the numbers, especially the shorters, and say, well, we can short until the same PE achieved.

For mine, then, would think that a 1.40 entry safe, but if momentum and expectations of further cuts in guidence are considered behind the curtains, could see it get undershot to 1.20.

Entry at 1.20-1.40 would be a good long IMO.

cheers