LuckyV i dont advocate shorting unless company is fraudulent, misleading etc. Its too hard to make money unless you manipulate the market with false rumors and big capital.
BNB is not a short candidate since it improved it balance sheet at the expense of diluting shareholders but protecting their LT interests.
Imnplied value of a PER of 10 with no M&A premia less dilution is $17.44.
Risk/Reward has changed since its run...too much too soon so I took some off the table. Ill add at lower levels...not above 15 tho. Tecnical Resistance level at 16 or 16.50 of old for mine, so analyst earnings upgrade or company statement would be handy.
I think stock has run up on Macquarie's pending result.
BNB
babcock & brown limited
made you money at 13.80 in bnb...check out qan, page-10
Add to My Watchlist
What is My Watchlist?