take over target, page-4

Wish i had good news as i'm a holder of this one to.
I think we will see a fair sized market correction for a month or so with BSL probably getting hammered for a while, it always seems to cop the brunt of short selling(even i'm guilty of that).
Would not be surprised to see a double bottom at $1.86 although i think it is great value at current levels.
Whenever i think the market is gonna pullback a bit i short BSL for a short term scalp so it doesn't feel so bad watching my longterm holding going down :).
I still see $3.00 being reached within a year but the next few months might be ugly.
Production is due to start cranking up soon but low margins due to high input costs and strong AUD will mean it won't flow through to the balance sheet for a while, only brightspot last few years has been the Asian operations though no large increases are expected here without making substantial extra investments due to a maxing out of capacity.
I see any pullback here being a great buying opportunity and am hoping i'm wrong about $2.00 support breaking, i got in around the $2.60-70 mark a while ago now and am quite confident we will be seeing that again early next year but we all know anything can happen in the markets.

Ps: i'm holding this one longterm in my super due to where i think it will be in 10 years, my estimate is $8-12 by 2020.