I am really pleased with BCO's progress. Nice steady progression in price. Looking at the chart, there is some "overhead supply" or resistance in the 20-22, 20-24 range. How BCO moves throught that will be a significant indicatior as to whether to take profits or stay in for the long run. Regards, MN
You left out this paragraph. "Michael Dan, Brink's chief executive, is not ready to give up on money-losing BAX, and believes heavy cost-cutting over the past three years will help resurrect the business when the economy improves"
Hi Mn, Like yourself I bought in @ $16.62 on the 2nd of Sept. (ref. your post of 10/17/03)and also very pleased with steady progress. What makes you think that there is resistance at the $22 mark? I was looking to off-load at $22, but do you think its worth sticking around? If selmabouvier is reading this, get ready to weep as I make 30% in around 3 months (ref.your post 09/03/03)
see the chart below and note the concentration in the 20-22 range. There was a lot of trading done in that range, and potentially a lot of people wanting to get out at the point that they broke even...20-22. But I hope that the dynamics are sufficient to warrant more buyers than sellers. I got out on the recent drop, but bought back in today when it re-established its climb...hoping it has some more legs in it. Also, the market traditionally does very well in the weeks before and after Thanksgiving, so I am hoping for good general market conditions to support BCO for a bit longer before it pauses and bases...would welome any thoughts you have on sustainability of earnings and price. Regards, MN