The good thing about this share is that the market is factoring...

The good thing about this share is that the market is factoring in complete failure of that forecast. I just think that re-affirming the forecast from management this late in the half year, has to be a vote of confidence. With such a large profit forecast and this late in the piece surely you would manage expectations downwards at the AGM if you were not confident of hitting it. Generally AGM forecasts are a great time to get set in under the radar profit upgrades. Based on the share price performance how ever, someone has no faith in this, which I guess is troubling. I think I am going to be stubborn with this one, my average is around 14c. Technically it needs to hold 12.5c, maybe add at that level, and crack that 15.5/16c resistance. To be honest I have never seen such a hollow response from the market to what appears to be an amazing profit forecast. Part of me wants to through the house at it, but the price action just wont allow me. As DJ1 stated I think this is going to come down to the half yearly, and unfortunately this may fade until that time. However I would expect a massive re-rate post announcement if they hit it, and you wont want to be on the sidelines if it comes through.

cheers.