BKL 3.89% $80.96 blackmores limited

certainly has been a high beta in the last couple of years....

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  1. 1,190 Posts.
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    certainly has been a high beta in the last couple of years. strong swings which makes it good for trading while rangebound but liquidity is limited.

    im steering clear of bkl as i prefer high conviction trades rather than small profit high volume trades.

    i agree rhc and csl are better for short term trading.

    not sure bkl will continue to hold support at 98 as there is no good news around and the impatient holders may be fatigued.

    i would like to re enter bkl when it shows proper signs of a recovery to growth, but i think that is still fy 18 at least.

    might be worth a small position before next result as fy 18 guidance should be back towards growth, but it would be a punt so judt a small position would be wise.
 
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