Looks like all the optomists are out, I think after the todays news I will short sell it.
Lay offs, mill closure and more to come I bet, looking for another 70c fall below $8, over supply of steel and too much in stock, and price of raw materials at an all time high.
It may look good to be be consolidating but in general I think that overall its business slowing which means profit slowing which was also announced today...2nd profit downgrade.
Yes I've put my money where my mouth is..... short sold 2000 today.
bsl finally breaks 8 again, page-11
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Last
$20.52 |
Change
0.570(2.86%) |
Mkt cap ! $9.030B | |||
| Open | High | Low | Value | Volume |
| $20.23 | $20.56 | $20.18 | $40.14M | 1.957M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4944 | $20.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.58 | 14967 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| BSL (ASX) Chart |