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0.00% $2.91 boart longyear group ltd

You are spot on CL27.If 27c doesn't hold instead of it being a...

  1. longt
    1,381 Posts.
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    03/09/09
    18:05
    Post #: 5594632
    You are spot on CL27.

    If 27c doesn't hold instead of it being a support it will become resistance. The underwriters will likely have to pick up most of the retail SPP in which case they will want to off load at any price at or above 27c. For existing shareholders it's not good when there is a stock overhang.
    BLY Price at posting: $2.70 Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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