All, let's calm down. The results are out on 20 August - about a three week wait. We'll get a clearer picture where things are headed. Aside from the profit number, I will also be looking at the cash flow statement. Let's not forget there may members of the management team (also holders of the stock) who may not have been happy with the re-issuing of employee options and could be selling out. Don't worry too much about the day to day movement - let's focus on the next month. If we find skeletons in the accounts, then it may be an opportune time to sell out.
If you're seeking comfort, today's wealth section of the Australian covers ETC as one of the most undervalued stock in the market. The story also says the market awaits evidence management will deliver what it has promised with the added comment that management will indeed deliver.
Cheers
Red2
ETC
entertainment media & telecoms corporation limited