BLY 0.00% $2.91 boart longyear group ltd

Hi Eagle888,BLY had a fantastic run to $4.93 in early January....

  1. 2,356 Posts.
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    Hi Eagle888,

    BLY had a fantastic run to $4.93 in early January. Hopefully the recent sell off has just been profit taking and those uncertain how far BLY will go. Resource stocks are down generally atm, China's inflation is high and there is talk of hikes in China's interest rate .....that affected resources and probably the reason for BLY's recent sp, people erring to the side of caution and playing it safe.

    Having said that, my personal opinion is BLY can go and should go higher, so I'm happy to hold.

    I was being pressured to sell @ $3.50, told to take profit "from the lower hanging fruit" (advisor talk for we want your brokerage) but decided to hold, so glad I did.

    Sorry you missed the boat on Bly, I got in on Sep 09.

    Would love to see your chart with Tuesdays buy signal if you don't mind posting it.

    Cheers
 
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