Australian (ASX) Stock Market Forum

BSL - Bluescope Steel

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Hi Forumers,

What do you guys think of Bluescope Steel.

From a technical point of view it's just broken through the resistance line recently.

Any input will be appreciated.
 
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Re: Bluescope Steel!

Hi Jetdollars,

the stock, seems to be on a buy and hold for the medium term and medium risk, technically this stock has been on an uptrend since it first floated... in my idea, its a good stock to jump on and ride the bandwagon...

Cheers,
sis
 
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Re: Bluescope Steel!

... there seems to be some heavy volume being traded between both buyers and sellers...

a large number of buyers are wanting to buy the share down at 6.75, while there is a large number of sellers wanting to sell b/w 6.85 and 6.90

interesting to see how this share will closes up for today...

Cheers,
sis
 
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Re: Bluescope Steel!

I purchased BSL a few days ago in my ASX Sharemarket Game.

Go the good thing....BSL
 
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Re: Bluescope Steel!

Well an uptrend still presenting, so holding on to it seem like a good idea.

I will come back and check it out in 2 weeks time...LOL
 
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Re: Bluescope Steel!

interesting to see it trade down to a low of $6.77 and still manage to close at $6.88... with this one... im not actively trading it... just gonna let the profits run... as its a definite hold... for the medium term...

Cheers,
sis
 

Joe Blow

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Re: Bluescope Steel!

BSL Chart - OHLC

Nice chart!

Gonna take a closer look at this one. It's got a nice uptrend happening!

8)
 
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Re: Bluescope Steel!

Got a Strong rating from StockDoctor on the fundamentals as well.

Cheers,

Aceyducey
 
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Re: Bluescope Steel!

even looking at ANZ and BT, they are happy to do a 70% Margin Lend against it...

Cheers,
sis
 
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Re: Bluescope Steel!

I think I am going to buy more BSL in ASX Sharemarket Game on Monday...LOL
 
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Re: Bluescope Steel!

lol... remember Jet$, only invest 10-20% into 1 stock... very hard to be discipline some time...

lol.. trust me, i want to break the rules...

Cheers,
sis
 
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Re: Bluescope Steel!

SIS,

The ASX Sharemarket Game's rule state that:

You only allow to buy 25% of your allocated funds ie. $12,500. for this matter.

I think I got about $7000 with BSL at the moment. So I still able to purchase more if I want too.
 

RichKid

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Re: Bluescope Steel!

Thought I'd revive this thread since we really should be following a runner like Bluescope Steel more closely imo. The trend is your friend.

Breakouts around 8.50 and 9. If the past is anything to go by this ones going to run for a few more months before correcting (if at all).

Here's a chart for BSL, currently at $9.53, chart ends on 3Feb05. I hold via warrants.
 

Attachments

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Re: Bluescope Steel!

Hi RichKid

I agree, imo it still has plenty of upward movement - especially longterm.

Attractive forecast yield should keep it bullish.

(Happy to get in @922)

Do not take this as advice in any way - I am a amateur
 
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Re: Bluescope Steel!

well resources boom will help BSL trending up for a while....so I believe it is a good buy.
 

RichKid

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Re: Bluescope Steel!

The breakout is continuing strongly, looks like it's gapping, but we'll have to see how this turns out. Volume is firm as well but nothing extraordinary, tends to be steady in steep uptrends for BSL. This may be the last major earnings upgrade season so BSL seems to be making the best of it. Maybe another 2 to 3 months left for this latest run.
 

RichKid

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Re: Bluescope Steel!

A minor correction today, some profit taking? Trend probably got ahead of itself. Still above supporting trend line so should be ok, typical for BSL judging by last few runs. Div not far away now and profit annoucement even sooner. Let's see if they surprise.
 
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