OTCQX:BGMZF - Post by User
Post by
goldsenioron Jul 05, 2012 4:31pm
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Post# 20086111
Price retracement and selling
Price retracement and selling Price (chart) retracement and profit taking is all you are seeing here (you mean you didn't see it coming? Really?) The retracement is more or less at the 50% mark between recent highs and lows... and naturally there is selling going on, with the nice pop! People need and will make money. However, Barkerville has a tremendous amount of upside now. People who are quibbling over
.50 will look back and laugh a couple of years from now. I fully expect Barkerville with its recent drill results to seriously "catch a bid" and then some. Longs should stay long, and these current price levels are major buying opportunities. Barkerville will undoubtedly be bought out and for substantially higher. Price action will be volatile- the recent news for Barkerville is very significant going forward, and all terms are bullish!