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$13.23 bellamy's australia limited

Time to jump in?, page-38

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PatienceToWin

12,928 Posts.

1009

07/02/17

19:35

Post #: 22437335
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Originally posted by BBV ↑

Prancer is most likely on the money there I suspect.

BAL's situation is almost certainly still in deterioration in spite of the paramedics bolting in to try and stabilize it and this SP rebound is almost certainly the work of DTs and the riskiest speculators going around. Nothing else justifies it unless something material has been leaked to some.

Every chance those late to the party will end up catching the proverbial piano on the way down as the instigators of the spike cash out.

It wont last in my view and has already tapered off near close this arvo so for those who have managed to bank a little on the way back up, take it off the table in my view as this has all the hallmarks of being a very short lived rebound.

Think class actions, breached banking covenants, etc in my view. They are clearly on the radar for mine. A miraculous recovery from a near death experience remains unlikely.

Stick to the fundamentals, load in what you already know and see if it still has appeal. Not for me.

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BAL Price at posting: $4.90 Sentiment: Buy Disclosure: Held
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