OTCQX:BGMZF - Post by User
Comment by
Rollercoasterblueson Apr 29, 2016 10:41pm
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Post# 24828130
RE:Start of month...Good news ???...PoG way up $1295+USd
RE:Start of month...Good news ???...PoG way up $1295+USd Bought physical gold at 1080USD, 1087 USD and 1119USD......up almost 20%......it was a hedge buy if BGM shiitte the bed.....was buying over 120K shares of BGM between .205 and 24.5.....up over 150% on those shares over 8 months so I sold at .60 to .61 cents......still have over 150K but at an average down of now. .46 cents....
Time to let it ride but imagine this thing going sideways for over next 2-3 monnths as drills/production gets organized.........not moving when gold blew past resistance show me something......I would have thought BGM would be closing over .70 cents easily above what the bought deal was with Haywood when gold was at around $1200 per..........today was my. TELL........I am sitting on over $100k in my account with my liquidation of over half of CDB as well......I smell a selldown or sideways trade in either BGM or CDB or both and gold in general but if not.....I am sitting pretty until next x-mas when I believe BGM will be north of $1........I think its time to watch and pick my spot to re-load in either CDB or BGM but at softer prices....if not.....I still have lots of both and I will just sit back and see what happens. I believe Blackberry is being oversold especially with Apple's demise which is BB's gain........I expect BB to be trading over $12 up to November when the election will raise some tech issues going forward and there is no better company for tech security than BB.....Nothing personal boys............. but I believe I can make 30-50% on BB while BGM hovers in the .40-.68 cent range over the summer. If I am wrong, BB is easily liquid and I can jump back into BGM with over 100K shares at prices in the .70's........I just expect to not hear anything major from BGM for a while now........their cards are on the table for now....but lots of positive news expected in 3-4 months now.
Those that are tracking me.....don't sell unless you have north of 200K shares....hold your positions but understand that I need to diversify and know that my gamble that made BGM approx 30% of my portfolio (which you never wanna do!) has paid off......I still absolutely love this stock and parking my sizable amount in this company until I get at least $3.50 will not waver........I target a cashout of a half million $$$$$.........holding more shares than that just seemed to be a little too overweight....
Cheers,
Roller