OTCQX:BGMZF - Post by User
Comment by
yaponskion Nov 06, 2013 5:15pm
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Post# 21882714
RE:Technicals..
RE:Technicals..unclesam2,
IMO there is a wee bit of distribution going on in BGM. The signs are run up the price very quickly to create excitment and regrets -- remember the sucker last week who regretted not buying at 77 cents. LOL.
Then once you get a relative high in, let the price drift down selling hopefully more then an spent buying to get the price run up in the first place. Keep selling until there is a new relative low in place, and repeat the process again with a fast run-up.
It is the fast run-up and slow float down that fools them every time. I am sure there a many other there that regretted not having bought more at 44 cents. And when that price hits again, rest assured they will buy more... It is reptile brain working at its finest.
Well, then there is the thonged sharting BBoS... that is a whole different horror story inself....