Hi guys, been holding and watching BLY for about a year now. And I have to say this stock is one stubborn mule, but its honest and that is reflected in the SP.
This current sp pattern is reminiscient of oct 09 and it took ages to break out of the low 30s rut. What eventually broke it was a slump across the whole market then BLY bounced back. This time the market in general is going for a powerwalk (as opposed to run) and BLY as always is slow to catch up. What I think is a great plus for BLY is the fact that they have seriously squashed their debt and have lots of contracts and project in the pipeline.
cheers
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