Hey Barry,
Pretty annoying isn't it. BMN does have a habbit for breaking out or going on strong runs to only see the DOW fall.
The Australian economy is so strong that only the sheep will sell. There will be sellers for sure..but the facts are the uranium spot has had a turn around in recent weeks....there has been news of production downgrades from Uranium One and also Cameco's Cigar lake will be further delayed till 2011. BMN is a quality stock and investors also know that the TSX listing and revised resource estimates are around the corner. The news pending combined with the rise in the spot price makes it a very dangerous game IMO to be selling out right now.
This looks as if it will be another annoying retrace for a lot of stocks including BMN but to be honest I think our market should hold up pretty well today. Load up on energy stocks, ironore and quality uranium plays.
In regards to Tactics..I have pushed all my funds into three stocks. I have recently accumulated one other spec from profit money traded off margin loanable money.
I have limited my diversification as I believe in the stocks I hold and I'm super confident of them all doing well. We should all say thanks to China and India. Who needs the States nowadays when you have China and India to power the Australian economy :D
bmn short term tactics, page-3
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Last
$2.68 |
Change
-0.080(2.90%) |
Mkt cap ! $480.4M | |||
| Open | High | Low | Value | Volume |
| $2.77 | $2.77 | $2.66 | $608.7K | 223.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 707 | $2.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.69 | 1119 | 8 |
View Market Depth
| Last trade - 12.45pm 15/11/2024 (20 minute delay) ? |
| BMN (ASX) Chart |