i dont know about anyone else but i still beleive that BNB is way under valued.
however the price has moved up from the low $13's to the mid $16's today on the back of strong domestic and global equity market moves. this makes me want to book some profits on the stock i brought in the low $13's.
if the price falls below $16 tomorrow i am going to sell my BNB holdings and then look to re-enter on weakness.
this stock has a great trading range, you just have to pick the right buy and sell points.
so for me, if it goes below $16 tomorrow i will be a seller and sitting on cash waiting for the market to take a turn.
good luck and happy trading.
BNB
babcock & brown limited
maybe time to book some profits
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