Me too, I entered at $7.7 as well. It is definitely a good thing that the market is stablising. But now, I just wanna cut some losses. Personally, $7.5 mark is hard to reach. People might buy now and take profit at that price...
I think now, immediate buyback would be the only option for BNB to restore confidence on short-term basis if the administration level still have faith in the business operation. Anyway, accorrding to the last close price, it wouldn't cost them much to take in all the shares short sold to the...
Re: BNB- Babcock & Brown: WHAT NOW???
yea, exactally! Now I reckon the reasonable question for us to ask is "What on earth is the fair value of BNB"? With considered sentiment of market now, I can say that the current price of BNB is cheap, and it might get a lot cheaper next week if the...
Re: BNB bargain of the day ?
:eek: Yea, same here, on the depth screen of Comsec Pro trader, the selling column was deep to my carpet!!! There was a red cross accross the screen but didnt see an end of the whole dame thing. I wish the stock is in oversold now.
Hey barnz2k,
I thought you were a loyal BNB buyer rite? Saw a couple of posters of yours eariler...are you still holding any now?
Why I bouhgt these just simply because I dont think this is the end of it, of the company. I used to pay over 20k for 1,000 shares in near past...this is...
I'm holding 1700 BNB shares including 1000 bought today @ $7.7. Didnt wanna buy but the price was ridiculously cheap at that time. 2Hrs later, I realised $7.7 was just not cheap enough!!!
As http://news.theage.com.au/business/babcock-in-good-shape-but-shares-sink-20080612-2phi.html
If it is true that the foundamental of the company is still as firm as it was, then personally I think the $7 is not resonable, and the low price would not stay long. Price just went up a bit...
Sure they want to push the price back to $7.70 to get away from the review today. But with what? I think almighty Phil Green now really ran out of bullets!!!!
I think now BOTTOM OF BNB has to be redefined as often as every minute!!! Well, there is always a bottom anyway n you know that...
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