i think moreso market in general going down. get out now, come...

i think moreso market in general going down. get out now, come back in later. its always a risk with stocks like BLU. but without a pipeline there is no cashflow. and we are many years off that. So some may see a benefit to stay on the sidelines as this gpobal rate adjustment plays out.

personally im bearish on asx in general, prob will push most stocks down creating buying opportunities. i see this as a 2 year bear market (ps: im just a smart guy who is guessing).

low unemployment, high company profits, high inflation.. that combo is short term and a result of lag between interest rate rises and when it starts to bite. once interest rates start hitting the bottom line of companies i see profits reducing and unemployment rising.

this is when necessity items in oligopoly industries are the safest bet as they have the opportunity to raise prices without an effect on demand (under the assumption all players in that industry do the same - very very highly likely).

im stull bullish on bul long term but will await a good entry