BNB babcock & brown limited

I know this is a roller coaster ride and I'm glad I didn't have...

  1. 95 Posts.
    I know this is a roller coaster ride and I'm glad I didn't have a hamburger or milk-shake before I got on board, but if you look at trading fundamentals...around 3 million units of buyers vs 2 million of sellers which has held all day give or take, we could see that end-of-day rally occur which has happened the last few days.

    If it can break through resistance at 2.6, 3 dollars will then be a formality IMO! No shorting for some time, and a highly liquid stock, IE you don't need much volume to push it high percentage wise...that's basically how FMG went from a dollar to 80 odd dollars before they did that 10 for 1 share split. Although I admit they did that over a few years.

    If buy/sell fundamentals continue however, and USA plays their part with their socialisation and proping up their market/economy, there is nothing to say BNB can't run to 5 or 6 dollars by next week. We shall see.
 
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