BTR 0.00% 1.8¢ brightstar resources limited

news released, page-18

  1. 213 Posts.
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    My take on today's events...

    With 1.1m shares traded today, which represents less than 0.7% of issued capital, I can't see that any major investors would have headed for the door based on today's ann...

    So who jumped at the shadows then?

    My view is that traders made the exit today after jumping on a decent bullish trend from 0.98 and riding it to 1.50..A few stop losses triggered can cause carnage and I believe this was the case due to the severity of some of today's falls.

    As previously mentioned by another poster, cost blowouts are common so I believe today's action was overdone... Minor speedbump and I trust mgmt of BTR will steer us through this...

 
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