"melua- can not work out why you sold BBP at 8 and bought back...

"melua- can not work out why you sold BBP at 8 and bought back at 11.5"

The sale produced a profit as I had bought in the low 5s. Line ruled off on that trade. New position at 11.5c but closely monitoring and if we do not see follow up buying from GPG I will have no hesitation in ditching them. I bought at 11.5c because I thought GPG were a chance to bid for the company. Without a bid, the banks are a big chance to swap debt for equity and that means a dilutionary wipeout for BBP holders.