BBI 0.00% $3.98 babcock & brown infrastructure group

is it building up to another run

  1. 1,379 Posts.
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    To me it looks like BBI is building up to another run.

    I think the day traders have let this stock. I'd say they are making plenty of money on numerous other stocks on the ASX that have been running hard over the last few weeks. This sets this stock up nicely for a run when they return. This stock is a day traders favourite so they will return.

    Even though there's been plenty of sellers for BBI there's been plenty of buyers around the 8c mark. BBI is starting to look cheap compared to many other debt ridden mining and REIT stocks that have been risen a lot of late. In fact I don't know if there are any "fallen angels" with a lower share price.

    I think news or expectation of news on the DBCT sales process will be the catalyst. If it can been seen that there is real interest in buying DBCT then that will have a positive effect. With demand for commodities starting to recover you'd think there should be high interest in DBCT.
 
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Currently unlisted public company.

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