The recent sell off in BSC is not a buying opportunity but still a moment to go short!Because the support level of $70 is now broken the stock can go further into freefall to a level of $50 in a periode of 4 weeks. At $50 we take another look at the stock and see if there are buying opportunities.
1 comment:
Talk about jawboning. Just a few days ago didn't BSC CEo state the liquidity of the firm was solid and the street didn't need to worry. Just today, a few days later the company gets a Fed 28 day loan from JP.
What a joke. My tax dollars are being used to bail out BSC when they make hundreds of millions of dollars. Also, the CEO said the rumors were false about the instability at the firm. What a joke. I need to contact my bank to see if I can get a million dollar Fed loan.
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