RE:BGM Up again !rwilly wrote: So it looks like a up trend has already started again today. Something I have been waiting for. To all posters on this board lets keep it clean and informative. Check your egos and your attitude. Nothing but good info is needed. Go BGM!
Hmmm, Willy...you sure missed the boat on your February 24, 2016, up-up-and-away call (wish list, LOL), hmmm? BGM was at a giddy 63 cents that day, and it's been downhill all the way since then. Down to 49 cents, a plunge of 14 cents (22.2 per cent).
Mackie made the move to the long side in February, buying 313,000 shares at an average of 60.5 cents. Switched to the short side in March, selling 431,500 shares at an average of 50.4 cents. Fortunately, looks like they'll be able to cover those 118,500 shares at 50 cents, so there won't be much of a loss (no profit either, but the broker will be happy!!!).