I agree with your posts and the way I see it we could have a few more sessions like today to make the next leg.
Can't forget the Friday late sell offs and I like many others don't feel comfortable about holding over the weekend,(not just BCN but any share), as the way Aussie markets and our pol-lies are behaving, along with other global concerns (US, Europe and China, makes this a tough call. I'm not up for another blood bath so I'll wait until the big boys fight this one out and decide to turn it around.
Catching a falling knife hurts and I've done it many times. The people who bought from the drop of 0.027 thought it was cheap at 0.024 then down to 0.023....0.021....0.018. And the people buying now think it is cheap.
This is all IMO of course. IMO it is better to wait until the knife hits the floor and then pick it up rather than injuries sustained on the way down.
All the best and safe trading to all.
BCN Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held
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