GREY:BYVVF - Post by User
Comment by
cavedudeon Sep 21, 2010 11:58am
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Post# 17474035
RE: if these prices hold , it'll be time to buy mo
RE: if these prices hold , it'll be time to buy moWe were promised NRs every 10 days so we are due. In my experience, rushed cores mean squat. I have seen companies rush cores only to deliver mediocre results. So far BYV has kept their word and appear to know what they are doing. However, the majority of people that have invested in this stock have probably done so on momentum trading. They look for any stock that has good volume or an interesting price change and invest without doing enough DD. Once the stock loses a bit of momentum due to lack of an NR, they sell which is what is part of the issue today. Once we get an NR which should have great results as they are drilling cores from the same areas that already has shown good returns, we should see this climb back up to 1.25 to 1.30. I don't have a problem with corrections, however, with the stock hovering at 1.05 if we get good results, we probably won't go up much further than 1.25 as it would already be a 20 cent increase. To get towards a 2.00 mark, we are looking at a lot more drilling and good results to break through ceilings that get established from day to day trading.