Typically late May and June are adjustment periods mainly selling poor performing stocks for tax losses against gains, so one would expect BLY would be first in line for this.
Easily one of the worst performing stocks on the ASX, but as we have seen, it did climb from 75c to $5.00 [post consolidation], so hopefully there are better days ahead, as its been a horrific ride for the long timers.
BLY Price at posting:
$1.28 Sentiment: LT Buy Disclosure: Held