Today's action suggests to me that we could go close to previous 07 lows now. A long term double bottom and then all uphill from there.
To be honest I'm surprised we haven't hit the 07 low already. Look whats happened since then. Market collapse, disappointing interim JORC result, Savannah action and then the Opes Prime/ NM debacle. All that and we're still ahead of where we were.
Still the SP keeps trending down. No real surprise there as it will continue to drift on no news IMO. I'm all set to retake a big position in BMN after stopping out 75% of my holding on the way down. Rule #1 though for me: Never buy in downtrend!
Once a bit of a turnaround is evident then I'm all in. I'd guess many others are looking for a turnaround too and once we get it the SP will move quick as it always seems to. Hang on - it won't be too far away now.
eight month low, page-14
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Last
$3.27 |
Change
-0.310(8.66%) |
Mkt cap ! $499.8M | |||
| Open | High | Low | Value | Volume |
| $3.30 | $3.40 | $3.23 | $6.799M | 2.065M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24450 | $3.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.28 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BMN (ASX) Chart |