OTCPK:BRNGF - Post by User
Post by
DAbramovon Feb 27, 2008 2:17pm
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Post# 14555798
interesting trading patterns
interesting trading patternsRC has accumulated shares (1,023,000) up to and including 30 cents. As soon as the release is issued regarding the management changes along with a forecasted date of future 43-101 updates, the buying spree halts.
My "guess" is that they're going to wait for a slight decrease in stock price and begin their accumulation spree again.
There was reason for suggesting to its clients that they buy $300k worth of stock. I would suggest that they know or have reason to believe that very very positive news is on the horizon. And I am willing to put my money on the fact that end of March is the date they're shooting for.
To summarize:
I believe RC will continue its buying spree only after the share price declines by 5-10%.
As soon as RC begins to dump, that's when it should be safe (given the market conditions) to exist the stock.
D-Man
p.s. - the assets are amazing, so if you're here for the really really long haul, you won't be disappointed either (in my honest opinion of course)