RE:RE:RE:T.BRAG = Rating update copied from TDWBDI ;>O1condor, "don't buy BRAG at this level", lol.
There's a flaw in that statement. It could mean one of several things, depending on how you view this.
1/ Don't buy at these levels because I am short and need to cover; or
2/ Don't buy at these levels because you may push the share price higher and I want to buy cheaper; or
3/ Don't buy at these levels because the company is not worth the current share price; or
4/ Don't buy at these levels because the markets are not finished tanking and it may bring Bragg's share price lower.
I think number 4 is a legitimate reason, albeit I also believe Bragg's share price has bottomed and is holding well, and is about to make another attempt at a bullish move soon.
Will the market continue its slide is anyones guess, although the Dow seems a bit shaky still. Even so, I believe Bragg will get some traction soon. One thing I know is that there are still shorts out there that need to cover. GL