BAS 4.35% 6.6¢ bass oil limited

who is getting out?, page-30

  1. 15,276 Posts.
    lightbulb Created with Sketch. 45
    I usually wait till day 3 of these sell-offs before even considering a trade...

    But in this case, I might sit and watch for a little longer.

    Could be a small bounce in it tomorrow, but I have a feeling it might continue to fall.

    Someone obviously wants out in a big way and from what I saw today, it would appear they may not have finished just yet.

    Hard to find an obvious floor, but as a general guide, I would be looking at their listing price, minus cash spent per share, plus any potential they have managed to uncover or remove since then.

    Not an exact science...so I guess the best guide to fair value might be a measure of what price any future issues might need to be set, in order to encourage enough support.

    Cheers!

 
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