WOR - up 8% and over 52 week high, page-37

The rally over the past week was so massive i thought a massive announcement was in the wings. I also expected a speeding ticket from ASX when SP leapt 10% on Thursday and 6% on friday but so far zilch. Result is tomorrow and i can only speculate that traders, chartists etc drove it so high. It touched 49.53 yesterday... mind boggling at least to my thinking. I can't see how WOR can avoid being affected by the massive decline in spending by its trad customer base. it can and has cut costs savagely but is it enough to compensate? i expect 2Hfy16 revenue to hold up and match 1H but its Fy17 and beyond that I'm focusing on. Many huge contracts are winding down. time will tell.