BBI 0.00% $3.98 babcock & brown infrastructure group

who sold today, page-2

  1. 17,233 Posts.
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    Not sure if this helps u but I managed to sell off over a mill shares today near the high at the start of the day and bought 450k at 6.7 an hour or 2 before close.

    I think again we are in oversold territory and will head into that 8-9c range Monday.

    Friday is renowned for a traders selloff especially considering the nice run from 6 to over 9c in 48 hours.

    Most traders will take that most days of the week.

    Profit takers were in force and the sheep all had the same idea......again be first to sell and first to buy.....timing is everything.

    No other reson for the selloff imo apart from BNB also taking a bit of a crunch.......look out for more interest now the traders have arrived.

    She will be volatile for a while yet.....just have to play the game.


    PS.....I bought well into the 12c moark then bought again at 8.5 and 6.5 before offloading well over 9c for a reasonable profit.

    I increased the buys as it went down.....not for the faint hearted.


    Should u buy to cover the 14c??

    Hmmmm....Id say yes but u must be willing to sell again at 9-10c and not live in hope with the next parcel getting back to 14c soon.

    Mind you it could, but averaging down is ok so long as you set yourself a "will sell" price and a "must sell" price before committing.


    Good luck.










 
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