I sold half the "toe" I dipped back in. Vicious sell off. Wasn't expecting it to fall so fast and don't fully understand why. Good reason to be cautious in my book.
I'm quietly optimistic that the AGM on May 11 will remove some of the uncertainty surrounding the company's future. I don't expect a glowing report, but perhaps less dire than the price action today suggests. The instos asked about covenants during question time on 26 Feb, you can be sure there'll be more questions to clarify things.
It'd be nice if someone could back up the claim that 6 cents EPS is possible and/or likely. I can't see that at all right now.
Z
BLY Price at posting:
8.9¢ Sentiment: Hold Disclosure: Held
