BLY 0.00% $2.91 boart longyear group ltd

stagnant, page-4

  1. 8,720 Posts.
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    Good point Gastel, I agree with you completely. As per the chart/analysis I posted on the weekend, BLY is probably in an accumulation/distribution phase as a shake-out of all the shares issued. The market does take time to absorb sizeable chunks of a company. This is supported by the chart pattern - there is no evidence yet of any kind of breakout pattern. The upshot is that while the medium-long term (i.e. 3-12 months) investment horizon in BLY is a no-brainer (imo), it will require patience. Good luck and patience will be rewarded. Cheers, Sharks.
 
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Currently unlisted public company.

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