Few weeks down the track and although volumes are daggy price pattern remains positive. I'd like to see 25 taken out comprehensively by this coming Friday, else holding
Hi, my first post.
Brandrill is also my first trade.
I bought in on Monday @ 0.25 after what I believe to be careful consideration amongst other possible buys.
They have a new director on board, Westpac recently aquired some extra ownage, the business is showing good profits with a change in management direction(?), bought a few more rigs, running a solid trend, and appears to be a relatively safe first buy for a chap like myself.
It just went down down down. I pulled my money with a 10%loss +"borkerage". I see WBC are still buying more into them though. I guess if I decide to get back in, then I wait for a substantial change of direction. As it stands there are more sellers than buyers so I guess that shows lack of interest and pressure for a lower price, and moreso, lack of confidence in the Co.
Or maybe that's my lack of confidence...
Easy to see why your holding, nice growth with a few corrections and when you research it it looks like a nice long term prospect. Have to go back and read its history to fully understsnd what happened to the company. Will they make the same mistakes? Hope not.
I can see on Bloomberg that Fat Prophets put a BUY on this stock two weeks ago. It is definitely in a nice uptrend. I think this could be a good investment in the current resources boom. Does anyone have any research on this stock?
I have noticed that WBC have been chopping and changing their holdings for almost 6 months now. They once held around 12%, dumped it to 7% in 4 months and now seem to be lingering around 8.
Do you know why? I don't really follow this stock!
No Idea, I can only assume it has climbed up of the back of ore stocks which also did quite well across the board. I was wondering why it was so oversold to start with?