Friday sell down was a good thing imho for a number of reasons. It has cleared out a number of daytraders, lightened the sell depth especially to 22c, and gave me the chance to buy a few more on close yesterday for 20c.
My assessment was that it was desperate or forced Friday afternoon selling, especially the 400K on the final bell. But with a very light sell depth to 22c and some DOW impetus last night, I think this will race very quickly back to 22c at least on Monday.
On a similar note I see BGD in Germany closed on 12.4 Euro cents or about 21c Australian overnight.
BGD Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
