SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Bombay (BBA): Time for a run up?

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ed Perry who wrote (101)4/1/1998 11:46:00 PM
From: needawin  Read Replies (1) of 202
 
I have been noticing dramatic moves recently in home building, furniture and certain retailing stocks. Some of these washed out retailers appear to be in a lot worse shape than BBA- no earnings and plenty of debt. Even today Service Merchandise was on the NYSE most up list advancing 12.5%. As you noted with the building industry so strong it undoubtedly can't be long before BBA makes a good percentage move. Then those buyers on the fence now wondering what's wrong with BBA will ask themselves why they didn't buy at $ 5 . They will then scramble to get in at higher prices. Note on the Yahoo thread someone notes a BBA trade of 40,000 shares at the close. I believe the trade was on an uptick.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext