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BLA

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18.5¢ blue sky alternative investments limited

Hi Tran!! Some very negative posts on this one,I took a small...

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121 Posts.

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08/06/18

11:11

Post #: 33590587
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Originally posted by Tran ↑

After seeing BLA share price making a huge gain today I decided to search for latest brokers' target prices and I found 3 brokers with target prices all above $5.

Ord Minnette target price = $5.75
Morgans target price = $5.55
Shaw and Partners tp = $5.10

And the AFR reported a short squeeze due to a recall of shares. This gives me confidence that major institutions/short-lenders have bought up BLA shares over the last few days and decided to recall all their shares. Also, I believe the update today from BLA management about its asset valuation and this line of "

Blue Sky further advises that as a result of the above mentioned revaluations, there is no material
impact on its FEAUM announced on 7 May 2018." has given investors some sort of comfort that at least things are where it is and management are coming clean on their businesses and accounts.

At target price of $5.75 by Ord Minnette compared to current sp of 2.89, this is almost 100% upside potential.
http://www.copyright link/street-talk/short-squeeze-sees-blue-sky-shares-pop-20180515-h1032h

For me this is a good reward/risk ratio and I will start buying tomorrow. I understand it is not without risk but it looks like a low risk and high reward from where it is now for me. DYOR.

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Hi Tran!! Some very negative posts on this one,I took a small position at $2.25,still getting heavily shorted,but its impossible to pick the bottom,best to buy all the way down from here if that is going to happen.This is worth a punt but not for the faint hearted!! There are a lot of people hurting here,but plenty of ammunition on our side,so they can down ramp all they want,in 12 months we will know if it was worth it

BLA Price at posting: $2.18 Sentiment: Buy Disclosure: Held
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