BB again

bb aug 13 2013

There are quite a few sceptics out there. The Wall Street Journal in it’ blog All Things D; is expressing disbelief and that other great financial paper, the Toronto Star is downright negative and so are most other commentators many of whom loved the stock at $140. In any event we think this should be sold at about $13.04, the 200 day moving average. No doubt it can go a lot higher but $4 on $9 in two weeks would be nice. The RSI will soon move into overbought territory and BNS has upgraded the stock to a buy for a target of $14+. But a good trader always leaves a little on the table for the next guy.