Thanks, Pat. Other people's viewpoints are exactly what I was trying to flush out with this thread. It would be so nice to be able to ask each person who places a sell order what their motivation for doing so is. I always assume holders are selling for some good (for them) reason, not because they are not clever. The good reason may be to exit one stock which is stagnant in order to make money elsewhere. The strategy you outlined could be similar to that being used by a proportion of the recent days' sellers - i.e., aiming to buy back in lower - which is also my favourite. Unfortunately I haven't got the steely determination nor patience that would be needed to await a stock halving in price before buying back in. It's obviously served you very well in BSM - well done! Sorry, but I have to say that I hope you never get BSM back at 15c again, as you yourself concede is unlikely now of course. I honestly can't see it falling below 30c again, barring dramatic events in the market as a whole. It was on that premise that I made my initial comments: that it seemed a risky ploy for anyone to sell at Monday's levels with the hope of gaining ground. Well, I was actually proven wrong of course, since some shares were sold at 33.5 and 34c yesterday. Thanks again for the input.
BSM Price at posting:
32.2¢ Sentiment: Hold Disclosure: Held
