I daresay many would be taking losses if they were selling today, many would of bought higher in the upper 60s & 70s! It must be a full time job always buying and selling.
To me its a golden opportunity to buy in an industry wide macro dip.. I don't think its impatience over delayed? drill results driving this.. just fickle investors who don't have long term conviction of the ability to have equity tied up over a longer period of time.
Seems to me ASX business's need to cater to those with mega short term investment horizons with many flipping stocks at a rate of underwear usage. And In light of this I understand why I have got so many incredible buy opportunities Keeping going slow management and frustrate holders to sell cheap for no reason other than a lack of patience.. sooner or later all stock will find its way to strong hands and about that time we wont get these mad 10% pull backs with zero correlation to FA.
BGS Price at posting:
61.5¢ Sentiment: Buy Disclosure: Held
Keeping going slow management and frustrate holders to sell cheap for no reason other than a lack of patience.. sooner or later all stock will find its way to strong hands and about that time we wont get these mad 10% pull backs with zero correlation to FA.
