GREY:BNKPF - Post by User
Comment by
tinman8on Feb 08, 2011 2:19pm
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Post# 18095609
RE: RE: With the SP being walked down ...
RE: RE: With the SP being walked down ...Gauwd - you are welcome - glad you made a pile. I'm sure you did your own DD too - so dont give me too much credit !
For what its worth - the chart is telling me the retraction on the SP will reach bottom somewhere between $4.12 and $4.29.
As we hit an interday low of $4.22 yesterday - we may in fact have already reached the inflection point marking a gradual upward recovery possible. The fundamentals and substantial upside prospects for BKX remain intact IMHO - so good luck if you decide to get back in.
Cheers,
Tinman