BLY boart longyear group ltd

i've just piled in, page-49

  1. 11,618 Posts.
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    Yoda

    You are right about the balance sheet. However I think it'll bounce tomorrow - as when you look at other 37% plunges - well you have trouble finding them without life or death news or cap raises. QAN, QBE, ILU. They were nothing like 37%. The guidance is very clear really - and bad in comparison. I think the masters of the universe sometimes like to deal out punishment - but they only hurt their investors, and not themselves - which is the problem.

    Usually to go for a few days requires an under-reaction like QAN recently, which never fell 37% from its initial plunge - that would have been about 92 cents on the first day.

    I think tomorrow will bring a fresh perspective. Otherwise there is news that has not been disclosed - maybe due the Hurricane in the US?

    There was a mad fade on August the third - based on rumour I think. So I expect buying panic tomorrow.
 
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