No real surprise in the way it traded today.....
Has has a massive sell bias since the bounce to $2.70...
It gave a very nice predictable DT bounce this morning though.... Easy, v.quick trade but there are unknown factors in BNB, so a profitable day trade doesn't always equal a good, smart trade.....
Not 100% convinced on some sort of covenents wont be put back on/or if banks will look to sure up their debts... Further ratings downgrades on BNB could well be on the cards = v.bad....
Not sure if I trade it again ATM as there is always a chance of a trading halt.... Really need to know the inside working here...
Will provide some more trades (even today) but happy to let others take them.... One thing is that some of the shorts that haven't already covered might be happy to look at taking profit today.....
BNB
babcock & brown limited
crashing, page-16
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