Agreed but do you know what the big boys are thinking? Clearly they are not of a mind to buy enough to support the stock. No need to talk down this stock, it talks for itself quite well these days.
Loss of confidence amongst the "big boys" generally, has to mean that they do not yet see it as a screaming buy and that the company's near term growth prospects are considered diminished and so do not justify a high PE.
RSI shows big swings from overbought to oversold during the past 6 months (a bit schizophreenic perhaps?). Volumes are not all that high at present when compared with the past and so many holders must be sitting things out. Suggests a single large holder is clearing out of the stock but at a time when there is a general lack of faith in the company's results and so insufficient buyers to hold the price.
Still some way off before the annual results will be released and so more FUD ahead (fear doubt and uncertainty)?
BKL Price at posting:
$89.00 Sentiment: Sell Disclosure: Not Held
