what Footmax said. The higher than expect rate rise by the RBA too the whole market by surprise and took the wind out of the sails of BNL. Lots of people selling for EOFY capital loss lock ins as well. I think BNLs time to shine will be after June 30 as long as they can keep the good news flowing. Between now and then there may be some good opportunities to top up if you’re a believer.
personally ill be selling the next rally (I missed this one this morning) and looking at possibly buying back in at a later date depending on announcements and actions of management. I’m still jaded and untrusting.
BNL Price at posting:
3.0¢ Sentiment: None Disclosure: Held
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