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31/10/17
13:56
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Originally posted by imback
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I just pulled my $165 sell. After watching A2M smash obstinate long term shorters and try hard new shorters who have been trying to pick the top for the last 2 months, I think there is more life here.
I recall BP did an analysis around 12-18 months ago of what would happen if BKL gets hit with a short squeeze. It wasn't pretty due to the very low % free float.
D
You also have fundamental & FOMO investors who have missed the boat on the other China-exposed shares and BKL looks like good medium to longer term value here. A couple of new $150 analyst price targets out there which will give lower support to SP.
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Aussie Bulls had BKL as a buy yesterday , last buy call from them was I think 29/9/17 at $117.73 ...went up 18%
Apparently stop loss levels now at $150.