XEL..bounce opportunity?

RNS after close:

www.investegate.co.uk/bowleven-plc/rns/h...201301151735256269V/


3. Full name of person(s) subject to the
notification obligation: iii


Henderson Global Investors
Now only hold 8,637,331, some 2.93%

They did have over 24 million, but now have de-risked back their previous levels from November 2011 RNS

www.investegate.co.uk/bowleven-plc/rns/h...201211090700047165Q/

I ask myself why?
And who bought the shares?

Curious !

my views on blvn would be to look at PJ views "he da man".....I posted a few computer generated views on chartsview bb the other day so have a peek at them alongside PJ views etc ....but since you asked todays view below....for me 72p is a key area...but for a chancer "on the sidelines" then retrace 50% and previous support "backtest" at 68p would give a great risk/reward entry....med term 72p still great value so all depends if your investing or scalping the ranges. (my view 71p makes good first entry with the major moving averages being support, but Mr Market may want a backtest, question being does he want 71/72 or 68p backtest?..but it's only a few pennies lower and if we went lower then load up as usual dyor)

Thanks T/s. I looking for a cheeky one at the 61.8% Fib so my order's in at 94p. It's a gamble on it being a higher low so it is risky. It would be more sensible to wait longer until it's more certain really.

Thanks TS, what are your views on BLVN?

not sure for "investment level" yet, but think this will bounce for a quick scalp in the next few days...for me above 95p bullish..below that then 84p again (surely 64p not possible?)...anyway for now 5-8% bounce being my best guess from around 95p.