RE:RE:RE:RE:RE:Gotta like that blowbackyaponski wrote:
ebagin wrote: Only one problem with your theory, there was a higher close today after the takedown.
Makes the bottom side a handle and this isn’t a knife this is a samurai sword.
Let’s watch her climb up and test the top side.
Ebagin
ebagin,
IMO today was a test. The crew working this stock wanted to know if there were enough stops on the way down to distribute some shares. There weren't as evidenced by the close to 15 cent drop on 100K shares. So, they ran it back up and will wait before testing again.
Notice how perma longs like roller are sorry that they didn't have a bid in the 46 or 47 cent range to grab some cheap shares. Now think back to the fellow who fretted about missing shares at the 70 cent level when this was in the 90 cent range.
If my reading is correct then there will be a time later this quarter/year when a sell at 40 cents will wishful thinking... just like a sell at 70 cents is wishful thinking today.
Of course, all bets are off if the POG gets a few legs. In a raging bull, I think BGM will do splendidly given the quality of the current crews operation.... JMHO
Can you elaborate...a test of what (how quickly shares can be moved in/out without seriously affecting the price...)?
You are suggesting the test failed....what was the expected outcome(Define a successfull test)?
What will need to change/ be in place for a successful test next time?
Comment on how quickly it bounced back up to close higher...isnt this a sign of strength...?
A bid sitting in the high 40's would have done very well today (with a close in the 60's)...
Were you suprised with the bounce back?
Is this the reason we see some bids sitting in the 30's (waiting on one of these 'anomalies' to occur)...?
Is this type of 'phenomena' a basis for your .10c theory (and the contest)...and in your scenario, would a bounce back occur as it did today...?
Can we expect more of these 'phenomena' going forward....?