Will be a volatile week. A lot of posts on trading strategy but i am more of a long term fundamentals investor.
Was some interesting trading last week. Stock has largely been in retail hands but was both some buying and selling from some brokers not normally active in BMN. Southern Cross looked to have sold almost one million shares and UBS buying circa 2 million. This may or may not be related to roadshow in US the week before last.
If stock steadies during day with some support may indicate insto buying as prior to this it seemed stronger earlier in day. Am sure company is working on strategic tie-up in next couple months.
No question BMN is cheap but could still be a rocky road until strategic tie-up. Good investing to all.
BMN Price at posting:
68.5¢ Sentiment: LT Buy Disclosure: Held
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