OTCQX:BGMZF - Post by User
Comment by
yaponskion Sep 04, 2013 12:40pm
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Post# 21717771
RE:REFRESHER COURSE ON BASHERS
RE:REFRESHER COURSE ON BASHERSbxju,
You adhore bashers while I adhore smoke blowers which is why I am promoting the 1st Friday closing price contest. Everyone is welcome to come and give a prediction. And if/when BGM does trade again as BGM on the TSXv we'll see who was the pumper/basher/truth teller.'
Looking at trades on a weekly close basis is not a bad strategy either. Stock groups do trade in trends. The trend for gold stocks has been down for the last 18+ months. Some might argue that the recent rise represents a turning of the tide back to a bull market. But that remains to be proven.
If gold stays in bearish trend then I would argue that any reasonable investor has to expect a drop in BGM prices from last trade which suggests a prudent play would be to sell any opening pops and buy back at a much lower price if really have faith in BGM's future. Hopefully my little 1st Friday play will help some focus on realities.
Please do share your 1st Friday closing price estimate with us. You can of course always change your prediction any time up to until the 1st TSXv trade prints.
I suspect that the longs smoke blowers are refusing to participate in this contest of pure skill because they know I have BGM pegged correctly for a massive drop by end of the first week of TSXv trading -- either that or else the reality of never trading again as BGM, without a court controlled restructuring, is starting to come to light. Remember, last September, who would have believed the stock would not be trading in 2012? Well, I did and I took a lot of hits from smoke blowers for that belief.