I hope you’re right but my guess is a pull back and consolidation after yesterday’s 17% gain and last nights very decent drop in US markets. If so it may present a good buying opportunity. I believe there is plenty of upside left from here for BNL but markets are toppy and uncertain across the board right now. A market wide correction takes promising stocks along with it as everything rerates in a relative fashion.
not trying to be a Debby Downer, I’m keen to acquire more BNL myself but at the same time I’ve already reduced my total equities exposure by 35% due to my belief that the easy money in the global market has been made and after the greed comes fear. I don’t want to get caught up when the herd turns! I’m trying to be very tactical in my holdings and have hedges in place. No idea if it will actually save my skin when the time comes though.
BNL Price at posting:
6.8¢ Sentiment: Hold Disclosure: Held
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