Looks like the charging BUL has come up against a Cattle Stop
Printable View
Looks like the charging BUL has come up against a Cattle Stop
Hi Strat,
A cattle stop maybe, but a buying opportunity as well.
Cheers
Paddie
Some good support today for BUL considering how the overall market is faring.
Paddie
I was just thinking that. Bank of America are now a big holder with 50 million shares and they tend to play around with the SP by buying and selling. They are in Beach as well and they manipulate their SP up and down. I'm not sure whether they are shorting or just trading but whatever it is it causes volatility.
Must be Mathew capital partners using BOA, they are at 7% so have gone substantial.
I would expect them to play around with the SP, "actively controlling their holding". Smart boys with big pockets.
Have a feeling they might have a position in BOW as well. If so that would mean they must think this sector will heat up again real soon as they don't tend to take overly long positions.
They got burnt with BPT after the GFC but returned with a vengeance.
Seems that they like gas and plenty of it. Interesting.
Wow. MC now 60 million.
Would any of you FA guys care to put a value on BUL for me?
Hey Strat, there you are, where you been mate, been a while since we seen some of the Strat posts anywhere.
Welcome back and hope your keeping well. :)