Even in this market turmoil on the news that BLR announced you would have expected a sustained rise. Instead it has been smashed down. There has to be something outside the square casuing this weakness. Does the market just not believe the results? Will there be a probem actually getting to production?
The longer and more often the stock tries to push up and gets knocked down, the more pressure there will be on any rise as traders (and impatient investors) sell. This stock needs to clear previous highs to give it new confidence.
BLR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
