head n shoulders chartists comments welcome, page-2

The selling off from $13.25 to current price of $9.95 is just over 25% reduction in the price since Thursday afternoon when news of the announcement was obviously available in some quarters.

Since the company has forecast 10% drop in forecast earnings (using the lowest of TSE's numbers the $108M and the highest of the analysts' forecasts $120M, this is the worst case. The lesser one is $110M TSE's higher numberto $115M the analysts' lower number which is around 9.5% difference.

So worst case 10% versus market sell off 25%, Simple confirmation that this has been very much oversold and is great buying at the moment. I would think that any losses for tax purposes are now done. This should bounce back quickly as it has in the past.