here we go here we go..., page-16

As I said it is simply a case of fund managers clearing the decks and there is little buying to support the fall.

Added to this the CEO who sold stock @ $1.95 is probably being punished now by these funds who often care little for the share price or the manner in which they exit except to inflict damage on the company and get their money back.

I can't see why a US based company would not snap up the chance to buy BLY @ these levels given the 64 cent currency.

It is strange company as its based int he US, borrows in the US (at Libor plus 50 or so - which is cheap) yet is listed in Oz.....

In any case I think this is not to different from AIO where the market simply believes one thing and several large investors another and brokers another again...however which direction it will end nobody knows.

From all those watching today it is obviously strong support is at 30 cents yet the seller would not smash it down.

I am hopefull we have seen the line delt and that the stock can at least find some ground in the mid 30's