B Sky B

goldfish

Junior member
28 0
Hi all

Has anyone checked this one out - the charts are pointing towards a rise pretty soon if it breaks out of that wedge and hits the 16 month support
 

BeanCounter

Junior member
29 0
goldfish said:
Hi all

Has anyone checked this one out - the charts are pointing towards a rise pretty soon if it breaks out of that wedge and hits the 16 month support

The wedge broke alright.. :)
 

ChartMan

Legendary member
5,580 46
A touch of insider dealing , maybe? How come the big selling vol 2 days before the results? In view of the apparently reasonable results, there can only be one conclusion. Someone must have known BSY was going to be marked down....
 

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BeanCounter

Junior member
29 0
Good spot Chartman: hadnt noticed the vol spike: it does seem a little conincidental that the highest vol spike since Mar 03 happened two days before the share price nosedived.. someones had their hand in the till?

I must admit to be somewhat baffled by the whole BSY move yesterday: the fundamentals were actually pretty good: but the City got spooked by the additional investment to be made over the next 3 years.

Even so, wiping out 18% of the market val seems a little oversold when balanced against the fact that BSY still has a monopoly position which should be further strengthed when analog is finally switched off in a few years time (and, with the fact that it is a shareholder in the free to air service).

Backing a retracement on the downtrend, Im long in the market @ 500 (target 556).
 

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goldfish

Junior member
28 0
One word..... DOH!!!!!!!!!

Good spot, I had other things going and didn't see the spike...... god bless stop losses eh!
 
 
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