Focusing on BLY for a moment, not on individual posters, I would...

Focusing on BLY for a moment, not on individual posters, I would like to make the following observation(s), as I think it's worth a reminder of what we should be focusing on:

1. BLY has just come out of a lifesaving re-capitalisation. It is now almost debt-free and in a great position to capitalise on its market-leading position in the mining services industry in servicing the emerging demand for drilling/exploration services/equipment.

2. Some of BLY's key competitors will be reporting this week so we can assess the state of the recovery and the impact it is having on mining services and therefore BLY's potential in the short-medium term, and BLY itself is due to report 6-monthly results early in the new year.

3. Since re-capitalising the SP has increased from 27 to currently 34. Ask yourself is this a fair re-valuation of the de-risking of the company's balance sheet - compare this increase to the SP annihilation when the market became concerned with BLY's debt situation - is the increase commensurate with the de-risking in comparison (I would say not yet).

4. The wildcard in BLY's short-medium term future is really the state of the global economy, whether there may be a double-bottom, and whether commodity prices at current levels will continue to advance or are sustainable.

All things considered, is there really any question that BLY's SP is on the up medium-long term? Well there might be - and if someone has a genuine view and information to the contrary, I dont want them to not say anything, I want to hear from them - they may save me from losing money.

As to the short term there's no doubt there will be ups AND downs in the SP - stocks dont just go up in a straight line. Therefore there is legitimate scope/reason to discuss timing and scale of both upturns and downturns in price. The downturns cannot be ignored and most of us just want the price to go up all credit to those who provide comments & reasoning on why and when it might turn down - as a trader who has both long term and short term holdings I can say from the perspective of the long term holdings it doesnt matter a jot (yes a jot), but for the shortterm holdings I want to know if someone spots something that says its going to turn down before I see it, so I can sell that holding, equally as much as when someone sees an upturn, so I can buy it back.

Anyone who calls it the way they see it has my utmost respect, because the contrarian view is usually an unpopular one - but its a healthy one to have as part of any rational debate/discussion as it provides extra perspective. Everyone's genuine view has value - even if they dont have the same view as your own view - you never know when it may be useful, after all, no-one among us is always right. So please, lets keep our collective eyes on the ball, which is to make money out of BLY in our own individual way.

Regards, Sharks.