That's OLD news! It happened last week, NOT today. NAB ceased to...

That's OLD news! It happened last week, NOT today.

NAB ceased to be a substantial holder last Friday, it didn't affect the SP yesterday, and it wasn't announced until after hours today, so that had nothing to do with today's drop.

If you're going to write up negative comments, make sure you know exactly what you're rambling on about.

How do you know what NAB thinks? Did they state BLY has bad assets? I'd doubt it very much. Everyone's been raving about BLY lately and that it is super cheap. NAB may have a billion reasons why they sold out.

MLC, Colonial, Perrenial, Barclays, Maple-Brown Abbott, BLY Directors all buy and sell BLY, so it must have been reasonable at the time.

So don't go and scare holders into selling it down to 14c just because you think this is bad news.