The industry environment is still the same, but will gradually worsen over the next few months, therefore our opinion about the stock remains the same. It's gone up in the past and we've traded it as it went, though this time we're not on it. As, you've said in the past ML173, "trade the variance". Unless there's some spectacular news that hasn't come out yet (i.e BLY making a profit for 2013) it'll be back testing lows soon. Certainly a good way of drawing in new punters, have good stops!
BLY Price at posting:
36.0¢ Sentiment: Sell Disclosure: Not Held
