BKL 0.00% $94.73 blackmores limited

BKL Chart, page-174

  1. 1,640 Posts.
    Hi Jianghe i hear what your saying but with regard to fundamentals the last report was another record profit, the fundementals are above excellent in my opinion.

    I use the TA & FA and i trade long and short term and on any scale this one ticks the boxes all over the place for me on a forward PE of 22.

    Short term it will either leap to 150 or gap down to 126. However when the FY reports come out that will be the next lead indicator for our ups and downs.

    I have traded this up and down and made good % so far by trading it , and i know that BKL communicate much less than the newer companies like BAL & A2M , however they have clearly stated that that is their policy, only to report on actual news that is relevant (unlike sometimes BAL & A2M).

    This leads to problems in times of uncertainty whereby insto traders can use the quiet times to play on market sentiment and push the SP lower.

    What is also a positive indicator to me is the large reduction in short positions in BKL , especially when you compare it to BAL where the shorts have risen to an alarming level. Bellamies is now the 7th highest shorted stock whilst BKL is sharply reducing http://www.shortman.com.au/stock?q=bkl

    Thats my logic on why i chose BKL over BAL anyways hope it helps ;D
 
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