BBP babcock & brown power

recovering, page-5

  1. 1,257 Posts.
    IMO the sp will retrace back to 8c where the strongest support line is. Following the trend of the last 5 trading days probably will oscillate for a while until either they report the definitive cash flow numbers or more information about take over offer is made available to the public (last event could happen anytime, but probably not before 31-01). My strategy is trying to get some on the 8c mark and if I can’t, I won’t be upset since I’m following my own plan based on my own research and beliefs. In the meantime, I’m still holding BBI which seems to have found the floor at 11-12c.
    Good luck!
 
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