BLX.ASX Cyclical Short Trade Beginning

A broken clock is right twice a day, and an under performing lamp warehouse has a rerate every 1 and a 1/4 years. There is a heavy down trend that has begun since this thing appreciated after its IPO. since then there has been a cyclical run of price drops like clock work. These are more like zones of trading, where the rerate brings about a reassessment of the market participants of the stock. Buying at the beginning of Zone 2 and Zone 3 would have yielded some very handsome results because the trading was a long way away from the established trend line. The same strategy entering Zone 4 and now entering Zone 5 will yield disastrous results.

This is of course dependent on the trend line not being broken in any meaningful way. Which, given that its such a long term trend line, I doubt is going to happen.