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BNB - Babcock & Brown

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If only I had bigger balls I would have bought heaps and i could dump now and go and by my new car !!!!!
 
Okay.. So I am in BNB deep now..
At $3.50 I will be buying a sports car for my girlfriend ..
At $2.00 I will be selling my car..

I am relying on approval of US / world wide rescue fund and australian banks having access to funds ...
 
adobee said:
Okay.. So I am in BNB deep now..
At $3.50 I will be buying a sports car for my girlfriend ..
At $2.00 I will be selling my car..

I am relying on approval of US / world wide rescue fund and australian banks having access to funds ...
Click to expand...

lol... I sold mine yesterday and am kicking myself today. Oh well. At least I still hold the BNB notes (BNBG) with a face value of $100 (currently ~$30) so hopefully will make a good profit off those (got them at $14)
 
has it gone into a trading halt !??!?
pleaseeeeeeee announce somthing big !!! know my luck it is probably a change in holdings for a director ... have to wait and see and nothing is up on my screen yet !!!
 
It went into halt due to a asx price query, there is rumours of BNB being bid on at $2.50 ps by a european company, BNB however is unaware of this.

Marc
 
Is the Company aware of any information concerning it that has
not been announced which, if known, could be an explanation for
recent trading in the securities of the Company? Please comment
on the rumour of a $2.50 per share bid for the Company by a
European interest.
No, the Company is not aware of any such information nor is the
company aware of any basis for such a rumour.

Damb the rumour I heard it was $3.50 takeover !!
 
If it later comes out that B&B had been in discussion or wasw approached about a potential sale/merger and hace told the ASX nothing is going on, what sort of action can, or would be taken against them.

It seems that anyone who is being pursued says nothing is going on during prelim discussion, but someone out there is making big money on it, and as such, I think the company should be upfront about it, and put everyone on an even playing field.
 
FYI in the event of a takeover offer, if the offer is for the whole company (not just say 40%) and the board recommends it note holders (BNBG) can request exchange of there notes. If there is an offer and the offering party gains over 50% of BNB then note holders can also request exchange.

Given todays price for the notes (~$33) if there is a takeover (or just an offer recommended by the board for the whole company) the notes effectively triple in value.
 
adobee said:
Okay.. So I am in BNB deep now..
At $3.50 I will be buying a sports car for my girlfriend ..
At $2.00 I will be selling my car..

I am relying on approval of US / world wide rescue fund and australian banks having access to funds ...
Click to expand...

Wow you are crazy! Buy it for yourself. Looks like the panic buying on BNB is kicking in. I think people are betting on this returning to its $10+ fair value now that shorting is out of the equation.
 
at $3 we were getting close to a 'corrolla'

I think it will die back a bit now to lunch as there will be alot of people who jumped in first thing in panic and then jump out worried it is going to tumble back down.. after lunch i think there could be a few parties starting to accumulate and hold again.. I am not sure of the time frame for US to crunch and finalise the rescue package but if it can come to further fruition today / we will hopefully see the dow jump again tonight leaving us in a good position for the open on monday (by this time i am sure there will have been alot of press and articles in the media about BNB bouncing and its potential to come back and 100% increases which will grab some attention..
 
and now i am getting pumped..

going to get some lunch hopefully things will look brighter on my return ! wont look again till 3.45
 
Ive got in today.....it looks like it broke through a ceiling today. Hopefulley it gets back to $6 as quickley as it fell from 6 to 2.
 

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this puppy is back down, so much for $6... may give the rest of us a buy opportunity next week........................
 
Got out today early today, awesome trade.

I'll get back in again when Julia, Dhukka and Mr_T start singing the "doom & death by next week and suckers rally" mantra's.

But based on the overall almost overwhelming negative sentiment, I'll be taking action on this one too. love net forums ....
Click to expand...
 
peter g said:
Ive got in today.....it looks like it broke through a ceiling today. Hopefulley it gets back to $6 as quickley as it fell from 6 to 2.
Click to expand...


I'm new to trading and just happen to have bought this stock today without reading any of the news items

Peter, how do you know that it broke a ceiling which is set at 2.86 going by your charts?
 
Hi Posh,

Im new as well but i have been recently reading some books and infomation on the internet about stocks and charts. So if anyone thinks i am giving Posh a bum steer please speak up to help both Posh and myself.

Anyway basically from August 21 to Sept 10 the price would appraoch the line i added to the chart most days and then retreat. I calld it a ceiling but i think it is more comonaly called resistance. However today it broke through that resistance.

The 2.86 nominated on the chart is just the open price for today it is not necessaryily where my line is. The thing to notice about my chart is that today was teh fist time the stock traded above that line in a month after the stock tested that resistance/price for some time .

The thing about supports and resistance is the longer they last the harder it is for the SP to break though/fall through. so this particular resistance would be considered pretty weak for a long term trader.

Like Adobe said next week will depend on what happens over the weekend and tonight in the US.
 
Yep, I see what you mean. It did however go down some 30c after I bought it today, lol, I might have been a bit too optimistic.
 
By the way, is support and resistance generally functional for all stocks? What kind of stocks would you not try it on? The volatile or the less volatile?
 
Thats up to you mate, its all about risk v reward Posh.

Hey Adobee what do you think will happen today?

That announcement from Paulson in the US sounds like an agreement will be met today.

Im thinking today is going to be good for BNB. We will see.
 
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