not if but when, page-55

Hi Gastel, yes we seem to be following the broader market's lead. But in light of the fact that BLY hasn't followed the market up for the last 2 months and a bit while the broader market rally, I see BLY is only following the broader market back down to the issue price touched today. BLY will wait around here for the market to correct a bit further and will then rise together IMHO. I think you and I shared the view point that 27c is a rock solid floor.

If sellers want to push through (below) 27c, they'd better hire some boart long year drills to help them drill through.