BSL 1.11% $21.82 bluescope steel limited

perhaps buy at - $1.40, page-25

  1. 27,848 Posts.
    lightbulb Created with Sketch. 3379
    i appreciate that kray,

    i am traditionally a long, so if anyone can tell me why bsl will not go down tomorrow, i'd like to know before i short.

    My thinking is that most of the dumping will happen on the 8th.

    those who have the right to new script, have absolutely no reason to retain the older script while they can get a premium for it.

    Tradition is a sell down to the rising price, after the rec date.

    But there is also a wave that sell it down before that.

    Those who dont want the rights, but just to buy back in on the floor.

    I'm just trying to go with the flow here, and take the margin for it.

    Happy to short cover much closer to 1.55

    Any support for a MC twice the size of the current??

 
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