Morning gang and Cleo.
Instead of trading yesterday I went out and bought myself a full carbon Specialised Sirrus Pro road bike with the S-works everything. Was an amazing bargain. Gee it's a good ride.
CNB. Was a bit wary of that fall yesty as it was heading sharply to that support at 95c and a big gap under. Unfortunately for me I had to go out at 11am and it bounced straight after. Grrrr.
BRN. I know peeps freak out if you don't barrack for their stocks but it was always the way on HC. However, I just look at stocks on face value and use that to tell me if I'm reading things right or not. Of course sometimes Mr Market will throw up a rogue to keep you from getting too confident.
So BRN, which for me is a rogue stock, and which has never come good on any of it's attempts to commercialise, is now having another of it's runs.
So what I'm seeing is a chart that is well o'bought – and on the three day rule as well. And even with volume seems unable to get away from $1 point cos of distribution.
Has no official news thru ASX anncmnts but is saying that it has a deal with Mercedes and IPL or someone?
Not sure why the ASX hasn't pulled it up on this lack of keeping market informed.
Of course this scenario has played out on quite a few stocks on the ASX and you just can't predict how long it will last. Funnily enough there seems to be a thing to do a last spike to $1.50 level.
BRN holders please don't take offence. It's just one of the things I do to keep interested.
Not giving any advice on buying, selling or holding. (I'm just watching)
Sometimes I also like to ramble on. Hahaha
Happy Trades
