Obviously I think watching charts is speculation and don't do it...

Obviously I think watching charts is speculation and don't do it ever. A good way to lose a lot of money quickly as it doesn't work.
It's just about the single most retarded idea ever.
Agree with the comments from German never was looking for any great strategy here myself though.
Once the turn-around is complete should be looking at $70-80m NPAT and $2-3 per share. Don't really have a view on the "macro", sure us spending would be good and au property a risk.
A resonable sized risk given the housing bubble.
It's not as attractive as it was but I am holding for the long term and dividends. My sentiment is hold I reserve the right to sell and am not buying more at these prices. Friends tell me I permanently undervalue things, the true value of this will be revealed when dividends are restored and crescent starts the pump and dump (I mean IPO- whatever you call it).