Personally I wouldn't be buying anything with the market poised as it is.
The DOW has just had a technical bounce down trying to breach support in the 12800 level. That's ugly and could be the start of another leg down that will take it well into bear market territory. BMN may seem like a good buy at $2.50 but their is plenty of potential for further falls to come if the US takes a dive.
Fundamentals can mean very little in bear markets - if you're not producing and making a profit people won't touch you. Fundamentally BMN looks excellent - no doubt. Unfortunately fundamentally and techically the US market looks ratsh1t and thats got the potential to hurt us here in the short term.
broker target upgrade to 5.43 strong buy, page-128
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Last
$2.74 |
Change
0.010(0.37%) |
Mkt cap ! $481.6M | |||
| Open | High | Low | Value | Volume |
| $2.73 | $2.80 | $2.70 | $1.473M | 534.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 416 | $2.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.81 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |