BCA baycorp advantage limited

where to next week, page-2

  1. 7,611 Posts.
    Just remember most of yesterdays vol. was 2 parcels of 1m shs . Insto's buying maybe but surely insto's selling also , dont you think ?

    My pick is the stock will trend higher , possibly to $3 over next few months subject stable or rising index.

    Also many insto's got seriously burnt on BCA and/or are long at prices well north of here so maybe be willing sellers all the way up.

    As for a takeover , its hard to see in the short term until the stock confirms its profitability medium term, but the register is wide open so always possibility of corporate action.

    The stock will open around $2.20~$2.25 on Monday.

    Its PE is still around 20 at these levels.

    Summary. Accumulate IMHO.

    SALTY
 
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