BPT 2.46% $1.25 beach energy limited

rolled over and peaked imho, page-3

  1. 3,759 Posts.
    lightbulb Created with Sketch. 3097
    Hi Cincinnatti

    Honestly....

    I do not bother to read one line unsubstantiated prognostications by some TA traders...I guess there is at best a 50/50 chance of success...and at worst, it is people talking their own book and looking to take advantage of the naive punters.

    Fwiw I have been trading these up since the BPTOBs were in the mid 30s. While I still think there is value, I can also see that instos have a vested interest right now in going long the FPOs so they can sell the oppies at a decent price. Don't be surprised to see the FPOs sold down during late August/early September while they buy the oppies and then convert.

    In the meantime, while to POO is going up everyone is still happy.

    regards
    DF
 
watchlist Created with Sketch. Add BPT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.