BNB babcock & brown limited

humble pie that is. Eating some right now!Seems like the...

  1. 156 Posts.
    humble pie that is. Eating some right now!
    Seems like the announcement managed to give the sp a good kick along today, so not totally disappointed with my earlier call.
    Indication today seemed to be that the announcement re bank review will take another week or two. I find it hard imagine the sp moving too far north until that issue is settled. Is the market starting to factor in a positive outcome?
    I'm not convinced by the short sell / hedge fund theories - any believers care to elaborate?
    Strong finish augers well for tomorrow but the low volumes indicate a lack of commitment to me. I still think this is heading to mid to low fives in the short term and will wait there to start buying.
 
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