bal earnings report, page-28

You have to wonder sometimes, a company comes out with a profit announcement that it is 64% less than their previous yearly result and its SP falls by over 6% only to close up on the day. Meanwhile the undisputed king of the IF companies in the region closes down on the day on another company's poor result.

I know BAL's poor result was previously telegraphed but it seems not connected to reality that A2 who just recently reported a result that well and truly exceeded analysts expectations, and indicated no slow down on the horizon, would close down on a day on an other's companies failings in the marketplace.

The stock market is not for those of the faint of heart or those expecting guaranteed rises or falls on expected good or bad news. Best to play the long game with such success stories like A2M. Our share price can be manipulated in the short term but in the long term you cant keep a good man down. Continued market share, sales and NPAT gains will continue to see the SP continue to climb to new highs. I wonder what will happen to the SP once the short positions are closed. It will only take one other positive announcement from management outside the standard reporting periods to send the SP well north of today close.