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Bullboard - Stock Discussion Forum Bridge Resources Corp V.BUK

TSXV:BUK - Post Discussion

Bridge Resources Corp > Strong close.
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Post by opsd1 on Oct 16, 2008 10:26pm

Strong close.

The bid size increased significantly into the close, pushing the share price higher. All these bids were pulled right after the close. Interesting. Someone wanted it bad, and will be back tomorrow for more.

Actually it's shocking how oversold this stock is right now. I bought in the 50s on Tuesday and expect it to be over a dollar again soon.

Easy money now in the markets for those who are buying.
Comment by mikerosoft666 on Oct 19, 2008 2:47pm
They are bringing their gas from Durango online this week or next week... let's say they are even a couple of weeks behind.  They start real earnings in next week or two...No more speculation.  What is the Earnings ?  That's what will dictate where the stock price should be ?  Are we low ?  Better start backing the truck up on monday.  Will it take 3 months to ...more  
Comment by CalifDreaming on Oct 20, 2008 7:31pm
BUK is trading less than 1x '09 cf.  Typical multiples are 3-5x. But in this market, fundies don't matter - it's all about fear - when the fear dissipates, prices will improve, probably dramatically off the lows.  Methinks it will take months to get over recent panic selling, but the trend should be up.  I tripled down at $0.45, making my average right around $0.65, so ...more  
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