Good News or a Rising Tide ?

With what has been a terrible couple of weeks on the ASX (for me at least) fundamentals have been thrown out the window with good stocks falling without any announcements or news coming through. For those with courage it could have been a time to pick up stocks at discounts and for those with less nerve to sit and ponder what's going on. Without going into how I value stocks I had a $1.70 value on FSA and was sitting in the latter camp wondering if I am wrong? With today's announcement and strong profit guidance its good to see that some positive news is all Mr Market was looking for and a strong uplift should filter through. With a 52 week high of $1.545 lets hope it doesn't take too long to get their again.