BLV blossomvale holdings ltd

announcement out, page-28

  1. 942 Posts.
    Alba, chill mate.

    Yes it doesn't look very good from a technical perspective, but I don't believe there is anything to worry about unless you are chasing small percentage gains on a daily basis.

    There is so much fear out there at the moment that it is no wonder buyers are sitting on the sidelines or down lower trying out their luck.

    IMO the rumours of SeaStruct not going ahead is what is causing the SP to drift lower(on very low volume I might add).

    Once that settles, I believe whoever has been accumulating at this level (you know who you are) and scaring the $hit out of holders and perpetuating the fear caused from the initial market hiccup, will allow the brakes to come off and send the SP upwards.

    The jobs are continuing to come in, the acquisitions seem to be integrating well, NEPSYS is continuing to make ground in the market. It's all good.

    All I can say is trust your initial judgement.

 
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