BLY 0.00% $2.91 boart longyear group ltd

I too believe the latest company announcement changed nothing,...

  1. 1,520 Posts.
    lightbulb Created with Sketch. 3
    I too believe the latest company announcement changed nothing, except that is the attitude of (apparently) a certain institutional investor that must previously have been bereft of imagination. When I sold out recently (admittedly for a small profit) that was not a reflection on the company, but on the SP which is, after all, not a reflection of what I think but a reflection of what everyone else thinks (at its simplest). My concern was that the price could be driven even lower I did not want funds tied up in a paper loss for longer than I was prepared (ie, at all). When the SP shows signs of stabilizing once more or, which is still possible, it takes another dive, I'll be back in. Medium term I do not see this share as risky.
 
watchlist Created with Sketch. Add BLY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.