BKL 3.89% $80.96 blackmores limited

Well the 1st thing is that bkl has admitted and has written off...

  1. 1,000 Posts.
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    Well the 1st thing is that bkl has admitted and has written off their IF business Before.

    That was one of the strong reasons to the sp crash.also at that time the inland sales decreased.

    Now bkl has its own China wing and sales have been increasing.
    Also other markets have started to be alive like Indonesia and Phillipines and others.

    As i have previously quoted that in 2017 the comparison was with 2016 results and as bkl couldn't match it ,it crashed to $88.

    Credits were given to the shorters too.bkl was the best stock to short,call it a child's play.

    As now we can see ivester confidence is back,shorters have gone and bkl has started to show strong fundamentals and results.

    Hence sp back at 135.
    Let's see where from here now.

    I have in 2015 day traded this stock a lot.
    Even i have bought it at 210.have had a 65k paper loss but now at 135 down to a paper loss of 1.8k

    Let's hope Sky is the limit from here.

    Gltah

    I still believe in this gem and happy to be a part of this company
 
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