Play2win, I used to trade BSL for intra day profits but to be honest it is mono-directional. You really have to wait for it to act like today where it dropped to 190.5 and make the play. But really, you are hoping for the best as it could have kept going. Just like when it is in an up-phase. You buy at 2.02, sell at 2.07 and then the following day it opens at 2.11 and keeps going up (by way of example). Better to wait until it is finished this down phase, buy it and hold for about a month until it looks overbought and then sell. You can make a good 30 cents off it for a very low risk.
If Paul drops any good news at the AGM we should see this rocket. It will be a killer for all of us listening to that drone on and on and on.... then, if he says something positive there will be a lull, followed by a brief drop in the share price and then it will slowly rebound. Just a thought based on what I have seen before but you get the idea.
If, however, he says nothing good then it will continue to find its floor.
Either way, better to wait.
BSL Price at posting:
$1.64 Sentiment: None Disclosure: Not Held
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