RE:$380000.00 Every Daybandit69 wrote:
While algo's are still having their way due to illiqidity, I do think BNE is setting up for a pop sooner than later though. Level II asks are being taken out for the most part (i.e. fewer sellers willing to let go for lower), volume is lower and sales slower because shares are "harder" to get and I think it's looking like a coiled spring. $11.00 is looking more and more like a solid foundation.
I don't know where it's going but I think it's going. As always, I could be wrong.
I think that was the breakout we've been looking for. Strong price move and big volume (for BNE).
Man, at these prices debt is fast becoming a non-issue.
I recommend watching this. I watched this interview when it aired. I don't say it too often but this guy is smart. I found it interesting what he said about debt specifically, not having any.
WATCH HERE https://www.bnnbloomberg.ca/video/u-s-portfolio-manager-i-m-stunned-international-money-isn-t-buying-cheap-canadian-stocks~2430402#.YmmrW-h2meM.twitter