where is the floor?, page-19

Well said TestPilot. Good companies like BLY BHP etc will break their previous highs. The recent headlines like the Mining tax has not helped make these great companies shine.

I do however see why this mining tax has affected BLY's SP. Think about it. If BHP are cutting down the number of projects as they have less funds to spend on projects then they will need less mining equipments which make BLY alittle more redundant. Less project = less demand for equipment.

But hey, don;t get me wrong I love BLY, have made great money on this stock over the last 6 -8 mths. In fact I still hold a small parcel form the Sep09 SPP (probably shoulda sold all of it but nvm).

BLY is a company that will shine once all this turmoil blows over........and believe me it will!

Good Luck all :)