I'm prepared to lose it all (bought in again at 1.50 after making a tidysum) so I am going to HOLD. No point selling in the panic now and crystallising my loss.
Yes, Huntley did downgrade to a Sell, BBI did get lowered to BB- by S&P and yes Smith did have to draw credit lines to avoid breaking their covenants, but if this pass post 09 and they keep on deleveraging they have a good chance of surviving.
BNB Price at posting:
76.0¢ Sentiment: Hold Disclosure: Not Held
