Jim, just to answer your q on what prompted interest -
I started watching it maybe 18 months ago, only because an errant cousin given to buying on rumor told me he'd bought some. He has ridden it down, ignoring stop-limit advice along the way of course, so I watch it continuously in order to try helping him recoup.
I am trying to "trade for a living" so this means I spend all day watching about a dozen stocks, BBTK being one of them. Not unexpectedly, as a result I have been in and out of the stock myself several times - until recently, a 100% record at getting stopped out at a loss. I've now recouped totally, mostly by a good play Feb 5 when I noticed sudden up volume intraday; cashed out the next trading day (the LU announcement, as it turned out). Back in at low 6's to high 7's in Feb/March; stopped out early last week @ avg 7 1/16 for a break-even or maybe slight loss; re-entered 6000 sh Thurs @ 7 3/8 after concluding that the 4/1-4/3 attempt to tank had in fact failed; happy-boy by EOD. As my earlier message indicated, I'm now convinced that the LU deal is for real; that a long-term reversal has occurred as a result; and that the current risk/reward is compelling. We'll see.
Didn't mean to get long-winded in answering you're q - (ever notice on SI boards that message volume and message length increase directly if not exponentially with increases in stock price?), but I wanted to emphasize that my perspective on BBTK is very limited; I know very little of the company's 'fundamental' financial data or even what it does for a living - I just try to draw conclusions from the combination of events and price action. And I ain't rich yet.
What side is your orientation? If you or anyone else on the thread understand BBTK's business/industry, can you broaden my understanding a bit?
Mike Harvey |
