Hi investorpaul....they say you shouldn't fall in love a stock, unashamedly, I admit I have with BLY. Bought in before consolidation @ 28c. I should have sold 14 months ago when it was almost $5.00....but felt it was worth more. A great company, its global exposure I suppose is a negative with European/US debt woes. Everytime the overseas markets are down, so is BLY. On the other hand, supposedly there is a shortage of drilling services etc. so one would think BLY's business would be going gang busters. The States appear to be on the road to recovery which should help BLY's sp. All these Gas/Oil explorers seem to have to wait weeks to get rigs etc. so demand is definately there. I have probably mentioned this to adnauseaium but 3 stocks I continually see shorted on the ASX are BLY, JBH and David Jones. I find this very frustrating when BLY starts a run and is shorted.....haaaaaa!
I hope BLY reaches its potential.
GL all holders, Cheers, P.
BLY Price at posting:
$4.33 Sentiment: Buy Disclosure: Held
