Well I am back .. but not for long. We head off again on another trip next week! Busy, Busy!
Well what the hell has happened? Poor Banners has been well & truly screwed. I imagine that there have been many comments here on Why? Why? etc, but the whole market has been trashed. Resources are down, and I imagine $$Billions have been pulled out of the market pre-Olympics, anticipating a post-Olympic Chinese economy slump. Then we have the Funds reweighting portfolios & shifting out of resources, shorters, & panic selling, and stop loss hits!
Combine the above with the Savannah shadow, & stocks like BMN have been caned ... arguably unfairly. RWD, with a Native title permission issue, has been hit as hard.
Prior to heading off in July, I moved into a bit of cash, & sold a number of stocks I was concerned about, or wanted profits on. I ended up only holding a handful of stocks that I intend to hold longer term. BMN is one of those. I am now in the red on my BMN holdings, but I now have held my core over 12 months, so I have set them aside until production.
Overall though, I am well & truly in front for the last 12 months, thanks to stocks like GNM, MAK, RWD, & BMN (traders) ... but certainly gave a bit of that back to the market the last month. But I remain 100% positive that we will have some very good times ahead. There is nothing wrong with BMN, it has a great new JORC out, BFS underway, drilling on other deposits, and more to come. So we are that much further ahead than we we were when she was at $4 ... the only difference is 1] sentiment & 2] Savanah. Both of those will change soon! Also, the U sector is getting set for a big next 12 months, I like some stocks in the pharma sector (NRT for one) & I still think that after this steam is let off, & the financial sector stabilises, that the general resource sector will continue bullish .. the music aint over yet, IMO.
In the meantime I am trying to cash in on some trading on oversold stocks ... bought a swag of BBP @ .18 cents yesterday, & piled into BNB today after it recovered & moved through the opening $2.11 price. (bought a few more BMN today around $.83 ... but dont tell anyone!)
Another coal stock I was getting into in July is RCI ... It has held up well in the slump. Worth checking out for those interested. A little research & you will see why I like it.
I will pop in when I can over the next month ... so good luck to all & keep your chin up, remember, its only money! .... Rotten stuff!
:)
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Last
$2.30 |
Change
0.120(5.50%) |
Mkt cap ! $410.7M |
Open | High | Low | Value | Volume |
$2.18 | $2.31 | $2.17 | $2.017M | 892.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | $2.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.31 | 19901 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 2.290 |
1 | 1200 | 2.280 |
1 | 2 | 2.200 |
2 | 12000 | 2.180 |
2 | 7000 | 2.160 |
Price($) | Vol. | No. |
---|---|---|
2.380 | 2310 | 1 |
2.390 | 453 | 1 |
2.420 | 10000 | 1 |
2.430 | 22820 | 2 |
2.440 | 21036 | 2 |
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