Yes I do like a good story but after today and probably tomorrow a good story is going to be hard to write for BKP, the ASX and world markets in general.
Finally the shits hit the fan big time. What a great correction , over 24% since the peak and over the medium term will probably go lower. Therefore those long termers with cash this a great time to start steadily buying portfolio stocks. But what a great time to buy oversold growth and spec stocks like BKP.
If BKP is not now the buy of the century then I don't know what is.
Now I have put my credability on the line here. Even thou the market is stuffed I reckon that BKP will be up 200% to 300% at least in the next 3 months, (maybe on low volume and hard to get set thou). Remember I am a gambler. If I am wrong then I will cop it sweet. A large dollar loss for me if it goes bust. But I will survive OK anyway.
For the short termer this must be also be a great risk/reward buy.
Just my thoughts. Do your own research.
t
BKP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
