Hi LDL, BRN has dropped around 85% from its $2.34 high on expectations which is a fair mauling. I have seen profitable stocks on very elevated PE's drop around 90% before recovering after shorters got stuck in backed up by reports and media. The market overshoots both ways all the time. Best for investors to be comfortable with entry timing. I am long term bullish on BRN so i figure if the SP goes below my purchase price temporarily i will still make money. Its wait and see what happens with the BRN share price.
BRN Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
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