Agree, the Bears (lemmings?) are causing shenanigans again!!!
But wasnt happy to see a Chartist (whats his name?)on Your Money Your Call tonite say BLY could hit 25c. But then again he predicted our market would hit 2700 some 5-6 months ago.
But yes, the boys and men will soon be tested here.
I guess depends what timeframe we are talking about, is it 5 days or 1 month or 1 year. If you are margined, then that could pose issues re protecting your wealth for the short term, and while I sold out of the Banks over the last few days, Ive put some of it in BLY today.
To me ave down on BLY is ok, as its the market dragging it down, and not stock specific.
Some pain does seem inevitable though.
In a few weeks (hopefully) I expect to see an improved bank balance due to stocks such as BLY, VPG and banks/miners again, after their breather.
BLY Price at posting:
$2.90 Sentiment: Buy Disclosure: Held
