I agree. Beeing a long term rider on the Bannermania rollercoaster, I am a firm advocate of trading this stock short to medium term. It is highly probable, given recent candlesticks and fickle sentiment for BMN, that a re-trace is in progress. IMO the sp will close the 111 gapin the short term.
BMN has a history of relatively lacklustre responses to announcements, characterised by unsustainable sp spikes due to profit taking. IMO the PFS will be the catalyst for the next SUSTAINABLE run, but with that not due now until the final quater I would strongly suggest that traders play this stock intelligently, and not let profits gained in the recent spike (over 25% if you bought at 95c)be whittled away over the coming days. Set your stop losses if you havent already done so and be very wary of BMN rampers, no matter how knowledgeable they may seem!
I agree. Beeing a long term rider on the Bannermania...
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Last
$2.75 |
Change
-0.125(4.36%) |
Mkt cap ! $504.4M | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.79 | $2.65 | $1.034M | 380.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 3109 | $2.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.75 | 19291 | 9 |
View Market Depth
| Last trade - 10.33am 25/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |