$2.00 is both a technical and psychological area of resistance. The market is a manic depressive beast. At 230+ earlier in the week the market in blt was euphoric and hence the expected retrace. I anticipate a few weeks of consolidation before another attack at the recent highs. Should trade between 2.10 and 1.70 imho. The only potential area of concern is a general nasty market correction, which is certainly brewing. BLT holding up brilliantly however in spite of todays placement.
BLT Price at posting:
$1.98 Sentiment: Hold Disclosure: Not Held