Australia's largest stock trading and investment forum Australia's #1 stock forum

BIN

Click for more information

0.00%

$3.44 bingo industries limited

BIN chart, page-716

First 716 Last

Share
Profile

Follow
Moneymaker1979

15,290 Posts.

836

16/07/20

10:54

Post #: 45903420
Share

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.

Expand

s3x2 order today- did you see it?

BIN Price at posting: $1.92 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

There are more pages in this discussion • 44 more messages in this thread...

First 716 Last

Add BIN (ASX) to my watchlist