"At this price you would think we should have had millions of buys by big boys! " Because you haven't understood that so far this is a penny share trading stock only. Until it produces income it will continue to be. Just the other day I was listening to a highly experienced and successful American day trader - who routinely makes 10 to 20,000 Dollars a day when day trading - say in a tutorial clip that he doesn't trade penny shares, as they are too volatile, and some are set up deliberately as ' pump and dump ' traps for the unwary. Since the last ASX NWS there has been no volume, which means that there is no interest. Volume = activity. People will only jump in when they see that BNL is a big % gainer on the day - which means that volume ( or activity ) is high. Penny stocks don't move unless there is decent volume - and without any news the MMs can take the price down at will to previous support levels on very low volume. Support was 0.9c or 1c… That's what's happened since the last ASX NWS
BNL Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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