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Moneymaker1979

15,109 Posts.

821

16/07/20

10:54

Post #: 45903420
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Originally posted by pastperformer: ↑

I have bought back in after previously shorted and being burned. ( I also bought when it was back at $1.20 and sold in the 2's.
Have always thought it was a great company just thought they would experience strong headwinds and miss guidance.

Sell off is due to covid concerns, there main markets are VIC and NSW, so if building and construction slows due to lock downs, so will waste. It's an opportunity to buy BIN at a discount if you believe the industry will recover at some future point. The government I believe will try to re-stimulate the economy through infrastructure and building and construction, it represents about 10% of our national GDP, so is hugely important.

There was always going to be clusters, so the market is acting quite fearfully over the outbreaks. What's important now is our ability to respond and contain these clusters to avoid future lockdowns. I believe this may be one of the last opportunities to enter into quality companies at cheap prices. If Australia gets the response right, the market won't react so violently next time.

In my opinion this is one of the last windows we will get to accumulate hard.

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s3x2 order today- did you see it?

BIN Price at posting: $1.92 Sentiment: Buy Disclosure: Held
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0 Great analysis

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