BLY boart longyear group ltd

double bottom perhaps, page-36

  1. 5,599 Posts.
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    Hi Mike. I should've put my sentiment as hold on my last post. This is the sentiment I always use when holding a stock. If I don't hold a stock I put sentiment as none.

    As far as my reasons for buying. Well, I think it's oversold & has a strong possibility of bouncing from these low levels. I'm also confiedent that BLY will be a survivor.

    I've only been buying below 20c (up to my limit). Having seen it go up & down many times, I don't take any notice when people start saying things like it won't go down from here, or whatever. I like to sell half my stock when it reaches the top of a trend (in practise, I sell once the trend reverses & miss the top), just in case it drops back again, and keep the other half for upside.
 
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