RE:The Question is Why bbd is dropping ?Traders using charts as simple as moving averages affect the short term pricing caused by the trading herd..self fulfilling ..and these days the herd just keeps on getting bigger.
The pied piper being the instistutional traders ( not investors ) as the herd keeps on tagging along creating that self fulfilling prophecy. The institutional traders then will set the buy signal or sell signal with the added tool of shorting/covering and naked shorting as they please.
Shamhorish wrote: from a high of cdn $ 2.2750 to what seems to be 1.80 (as it is expected to open today based on Europ market prices)
2.27 - 1.80 = 0.47
0.47 / 2.27 = 0.206%
a deop of 20% !!!!
why is that,,,,,who is begind it,,, how they do it
mamagement are doing well
3 quarters with good results
4rth Q expected and confirmed by management to meet expectation
so why is it dropping?
IMO, mr market dirty work, creating fear to scare investores, get them to sell their shares for cheap and then mr market will raise the price and sell the cheap shares doe a huge profit
there is no one sigle reason for bbd sh. price to drop like it is doing now
mr maket had plyed that game before and doing it again now, difference is, now bbd is on the right trac, andquaters result proove it
so, it is creatibg fear out of nothing,,,A BIG SCARE, BIG LIE, IN MR MARKET THEATRE