RE: Article of Interest - Excellent Read [S] Terry
Excellent article, I mentioned the production cost per Au OZ differential (junior to tier one) before. When it is all said and done juniors are a RISKY proposition, BRD included.
BRD appears to be "in distribution", where some players have walked the PPD down in order to cross over a millions shares.
Usually this is a good sign, as it is NORMALLY a precursor to a "free for all" (to the upside). Of course the HFT are also in on the action.
Not a stock for the unschooled (nubie). There is a lot going on here that is not giving recent drilling or production enhancements any credit.
BWDIK?
Pure, ATSs take 31.8%, Alpha warms up its exchange
2012-02-15 17:01 ET - Street Wire
by Stockwatch Business Reporter
<snip>
"Last week Fox News reported that on a normal day four billion shares change hands on the New York Stock Exchange. Recently, one in 10 of those shares, it said, belongs to Bank of America, the high frequency trading stock of the moment. High frequency traders like stocks priced in the single-digits and with lots of shares outstanding; Bank of America closed at $7.98 Tuesday and has 10.5 billion shares outstanding. The stock of the moment in 2009 and 2010 was Citigroup Inc. However, its average daily volume dropped to 50 million from 500 million in May, 2011, after the company rolled back its 29 billion shares 1:10 to 2.9 billion."