Hello Ximing. I believe share prices of many stocks, including BLT, are being driven by market sentiment. Please consider the following:
- we are in the downleg of a Kondratieve cycle
- we are in a Bear market
- Europe is very very dangerous right now with Germany almost unable to complete its bond issue 3 days ago and Italy's Friday 10b bond auction had 3 year bonds at an unsustainable 8.13%
- predictions of serious civil unrest in Europe, perhaps even civil war
- Commonweatlth Bank chief Ralph Norris forcasting freezing of financial markets
In my view, and that of some others, now is the time to have sufficient cash as cash in hand, not in the bank, and not as gold, to survive for two years. I think that is why ome people are selling their stocks.
My graph suggests BLT will be 1 cent by the end of December unless there are some decent results in the interim.
My views only. DYOR
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