I am out of BLY as of this morning. Nothing has changed for BLY and I will wait for a retracement and re-enter at a lower price. As Renees Anomaly stated a few weeks back, traders need to generate price movement to make money and it was only a matter of time before this happened. HOWEVER, the fundamentals which can't be ignored are that nothing has changed for this company. Yes, economic markets & confidence might be changing but this latest spike in price is speculatively driven and I will take the money and run. Good luck to holders, i hope it doesn't get snapped back down again for your sake however i'm waiting here with cash is hand for that to happen!
BLY Price at posting:
15.7¢ Sentiment: LT Buy Disclosure: Not Held