BNB babcock & brown limited

Marlin1...the sell order stayed.BNB had one good day after its...

  1. 11,407 Posts.
    Marlin1...the sell order stayed.

    BNB had one good day after its 12-14 suspension from the ASX.

    Every single other day...BNB has fallen 35% a day.

    Tomorrow....well what can we exepct but a bit of green in the morning then some selling...some day traders trying to pick the bottom...

    then another close down 35%.

    Its doing a CNP and heading to 4 cents imo.....seriously...sentiment is up the creek and the share price consistently goes lower daily.

    Its seriously looking like its being propped up to sell into now....not a recovery...just the banks selling into day traders daily to recoup what they can.

    Not a bad thing for them..but a lot of people probably getting burnt.

    We have seen their true colours now and their tactics to suck in the market to buy.

    A high of 29 today..then a close of 16.5

    Probably going to be 10 cents tomorrow.
 
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