Interesting sharp fall yesterday from the recent highs.
If I'm right, it is simply a case of pressure on the price by instos who wish to buy up the unwanted retail entitlement shares at the lowest possible price.
In the same thought process, we will see pressure on the stock till next Monday (13th) when the retail book-build is completed, followed by a recovery aftre the process is completed. .
Call me cynical.
I am going to buy more over this time frame as I wont get the opportunity in the book-build.
As always, DYOR.
Cheers, AL
BWX Price at posting:
$6.78 Sentiment: Buy Disclosure: Held
