trend for the next few weeks - up or down?

Hi All

Typically around this time of year bad news is expected of COFs market update and short traders anticipate bad news. See this as a potential buying opportunity if negative news appears and market begins sell off (always wait a week or two after negative news before buying).

Negative risks are:
1. Further market deterioration requiring additional restructuring
2. Completion of Future Interest Rate swap agreement. High interest rate agreement made by previous management will lower ongoing costs, however will there need to be a closing accounting write off?
3. Increasing debt levels and no growth in revenue compared to previous corresponding period

Also, there is a risk that news will be positive for the first time in about 5 years. Positive risks are:
1. Management team would not leverage up heavily if they were not confident of turnaround.
2. Engineering market has stabilised with construction and engineering industry growing again.
3. Positive outlook forecast and existing businesses revenue growing more than expected.

Best of Luck
Lost