Not just a dead cat bounce - macquarie know the internet based...

Not just a dead cat bounce - macquarie know the internet based market is hot to trot.....they know there is a current strong weakness - no CEO or CFO but the underlying business has momentum - they know that there is s atrong possibility that a buyer will come............they know the fundamentals are still okay for the business ....and in my view they know there is an opportunity to make some serious cash here - and everyone else has just followed on their coat-tails.

BLU still has a good underlying business, which someone would pay nicely for ......and when macquaire are involved you know there is soemthing good...hence the 30 odd % rise today....

I traded it and was in the black nicely ..... but still have some overpriced shares I bought earlier. Most of the fear has now been replaced by greed.......just look at the buying depth .....go BLU.....I'm in for a trade and for the longer term with acqusition a clear possibility....Just my thoughts please DYOR