Guru - As mentioned by the previous poster, the 25/2/08 share surge was due to result releases.
Not just any result though -
Operational NPAT up by 35.1 per cent Strong organic revenue growth up by 18 per cent Work–in-hand increases by $1.6 billion to $10.7 billion Services EBITA up by 59.3 per cent Interim Dividend of 18c per share, up by 38.5 per cent Building on our successful global expansion
So it wasn't just a random movement that drove the share price up so high.
Of course, when they then put out a profit warning, the optimism evaporated and the fear set in.
TSE is now in an information vacuum - they warned about impacts on their business and those impacts have continued to deteriorate - the market sees all these downward pressures on their earnings (USA -> recession, interest rates, poor USD exchange rate, slowing Australian economy) and wonders if they are going to come out with ANOTHER warning downgrading their expected results.
On the other hand, if they come out and dont downgrade any further, then it will jump.
As always, time will tell.
J.
TSE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
