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.
BLY Price at posting:
$3.05 Sentiment: LT Buy Disclosure: Held