BLY boart longyear group ltd

price

  1. 338 Posts.
    I am out of BLY as of this morning. Nothing has changed for BLY and I will wait for a retracement and re-enter at a lower price. As Renees Anomaly stated a few weeks back, traders need to generate price movement to make money and it was only a matter of time before this happened. HOWEVER, the fundamentals which can't be ignored are that nothing has changed for this company. Yes, economic markets & confidence might be changing but this latest spike in price is speculatively driven and I will take the money and run. Good luck to holders, i hope it doesn't get snapped back down again for your sake however i'm waiting here with cash is hand for that to happen!
 
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Currently unlisted public company.

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