Thanks for the reply and chart Barnsty.
Its disappointing to hear that this "churning" is supposed to improve sentiment because it appears to me to be more like relentless selling. But on the other hand, as the concept implies there has always been just as many buy orders to soak them up.Whether its the same party or a major holder deciding to take profits? Who knows.
Like others have indicated on this site, this company appears almost too good to be true (which always makes me worry). With all government or quasi govt contracts,no debt, and a repeatedly reaffirmed forecast EPS for 2009 of 11 cents and 20 cents for 2010, what am i missing?
All i can say is, if they lock in 11 cents this year and reaffirm 20 cents for 2010 i won't be hesitating much longer on this.I suppose we just need to see the money.
ETC
entertainment media & telecoms corporation limited