Short

BNX _Update

59
We moved from Stage 1 , Accumulation and brought the market to Stage 2, Advance Phase, Most cases from Stage 2 we make further up to Stage 3, Distribution Phase. However, this will be depending on , one major fact, Unsystematic risk or risk specific risk, which is related within the company sector and if the mess up their Swap situation then expect a major decline prior Distribution Phase!

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