Listening to a broker yesterday on Sky and having watched the events of the past few months, it appears "the sky is falling in" scenario was incorrect.
The last leg of this years drop started at $5.25 on 19/08 and that will be the short term target. The company's business plan appears to be working as expected even though the AUD is taking a toll.
The start of the this years fall began from just above $8.00 and appears to have been a result of the Japan Tsunami. I have a chart point marked at $7.95 and that would be my medium term objective.
If the fund managers want to give me 100% profit to wear their risk, I will take it.
trading pattern, page-8
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