baby and bathwater, page-36

meanwhile the selling at 35c continues

i don't think it is shuffling of shares from 1 account to another

there has been considerable selling by BBY but to lesser extend also by Argonaut, Hartleys and Wilson, recently Macquarie Insto offloaded 600k

the net buyers have been Comsec and Macquarie Retail, Penson and Credit Suisse

i doubt it will go below its previous low of 32.5c in absence of seriously bad news, this is about 10% downside risk for me while i personally see the upside considerably higher based on organic growth and pick up in 2012 orders

to me it seems cheap fundamentally based on expected returns, technically it may have found a bottom all we need is to remove the supply at 35c