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$12.88 bellamy's australia limited

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Pecc

639 Posts.

124

06/03/19

17:23

Post #: 37675279
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Originally posted by chris6: ↑

I was a holder but I sold at today's highs at a good 30% profit and I understand there are investors who see this run-up and have made some money or making their losses back but the market does not work in straight lines, there is need of a pullback and lets face it there report was sheet. The market is buying this based on SAMR approval but we are still a while yet and i see this as short covering. If bal states there is any delay this will get smashed again, we have seen shorts increasing, the stock is overbought, weakness off today's high and every time the stocks rsi are at these levels it fails. So this is being bought on speculation that it. Whoever bought at today's highs good luck to them but bad move.

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I'm also happily out today all indicators suggest a pull back is on the cards.. Another opportunity should present itself in the next few weeks in my humble opinion.. glta..

BAL Price at posting: $10.44 Sentiment: None Disclosure: Not Held
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