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Bullboard - Stock Discussion Forum Balmoral Resources Ltd BALMF

Metals & Mining Industrial Metals & Minerals
Balmoral Resources Ltd is an exploration stage mining exploration and development company. It is engaged in the acquisition and exploration of gold and base metal properties in Canada. The principal focus of the company's exploration activities are the properties comprising its Detour Trend Project in Quebec.

OTCQX:BALMF - Post Discussion

Balmoral Resources Ltd > Black swan event
View:
Post by fastandfurious on Feb 27, 2020 1:51pm

Black swan event

The stock price of Bar dropping is not due to fundamentals. 

the market has never been exposed to a "pandemic " and people are being cautious.   I got out at .40-.42 range to protect my profits . 


I'll be back when things calm down a bit , for now I'm staying 100% cash until the dust settles from the virus .

good luck to everyone..... I'll be back later

Comment by Smokerama on Feb 27, 2020 3:54pm
It is safe to say that the quants or algorythms brought it down to .25 cents today. It's a bit of an opportunity missed. There were many others this morning, including on very large caps. 
Comment by fastandfurious on Feb 28, 2020 1:28am
You're going to get another chance in the morning, probably open at .30 to trigger another bunch of stop loss orders like today .  Dow dropped 900  points after the TMX system went down at 1:50pm  . Looks like it's going to open with another drop of 600-700 because of news from California today . 
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