RE:BB - bring dead money back to life ....Pesyk1 wrote: I have seen that a lot of people have purchased BB for much higher price than what it is at currently. The term dead money was used amongst other things . To reverse the dead money issue, it would be very wise to dollar cost average down asap to at least $4 Canadian ,then have a sell order in place for $5 or 6 cad, as the volatility will come back with a vengeance, most likely slowly starting next week as we are coming close to the quarterly report.
When you look at a maximum chart on your brokers website you will see that BB is at a 20 year low, or extremely close to it . In all due respect those suffering from losses can reverse it by purchasing to cost average down. Have faith, BB won't falter forever and for sure , expect the unexpected.
In August of this year BB hit a 20 plus year low $2.89 Canadian. While doing this it created a 123 bottom. Fast forward just recently it created a clean bull flag on a three month chart ,BB broke out of that bull flag last week a little bit. I predict a huge breakout to $5.20 at least , and as I have mentioned before there is a Gap that needs to be filled in and around the $5-$5.50 range.
Disclosure.....I had dead money when I purchased Nio for $49 a share, yah crazy hey . It drops to five bucks a share. I thought to myself this is going to be dead money I'll just sit on it and see how things go. After 6 months I decided to purchase enough shares to bring the cost of Nio down to $6 a share. Once I did that I sold it for $9.90 a share, and will never purchase into Nio again . Hope this helps those on this bullboard.
In other words, both the recent and future performance of any stock has absolutely nothing to do with the past. Ie what you paid. Or what i paid. Or what anyone paid If only investors could ignore the past and focus on the future. That's what will determine your results. So forget who paid $5, or $50