GREY:BXEFF - Post by User
Post by
RichyRich$on Sep 13, 2018 10:35pm
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Post# 28617682
BXE looks Similar to SVM, Bottomed to 10 X Gain in 8 months!
BXE looks Similar to SVM, Bottomed to 10 X Gain in 8 months!BXE looks a lot like SVM used to look like. I know comparing oil versus silver is different. But this is just an example of the type of games Wall Street plays based on technical analysis. See how SVM took exactly 5 years to bottom at very symetrical downtrend. Same like BXE, will be 5 years of down this January/February 2019. Notice SVM bottomed roughly around half the bottom of 2009. BXE is already more than half the 2009 bottom. SVM bottomed at 96% down from peak. BXE bottomed 98% down from peak! 5 years from peak to bottom.
SVM then went on to have 10 X Gain in 8 months from bottom !!! SVM even delisted on the Nasdaq and the U.S. side just converted to an OTC stock and it still traded with large volume along with the Canadian symbol to gain 10 X in 8 months even as a delisted OTC stock in the U.S.! So I wouldn't be too concerned of delisting of the U.S. symbol. It would just convert to an OTC stock and people still trade it in the U.S. and just look at the Quarter reports done through the TSX Canadian symbol.
We are not nearing the point where BXE can gain 10 X within a year! Just like SVM did. BXE is even further down from peak at 98% down! SVM bottome at 96% down from peak.
