Post by
Pesyk1 on Dec 07, 2024 3:44pm
BB - bring dead money back to life ....
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.
Comment by
Maxmoe on Dec 08, 2024 10:14pm
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
Comment by
Pesyk1 on Dec 09, 2024 12:48pm
We are seeing the first leg up to $4.00 cad , lots more to come .
Comment by
DBNORTH on Dec 09, 2024 1:31pm
Nice call on the technicals - sold a trade at 3.50 back in Oct and bought back in today at 3.79. No longer a trade - will build position - s/b pullback! Wish I had been paying attention a few days back. FINALLY, Chen is off the radar.
Comment by
Pesyk1 on Dec 09, 2024 2:01pm
There will be small pull backs all the way up to possibly $7.00 cad . Those who dollar cost averaged down to correct earlier higher purchase prices of BB , their holding WILL be in a good place very soon . Have patience and stay the course this is moving higher with increasing volume as well as a spike in volitility. Salute .
Comment by
northernman59 on Dec 09, 2024 5:55pm
Yep and nobody cared when I posted in July this stock was going to give me a great retirement
Comment by
Maxmoe on Dec 09, 2024 6:18pm
Feel free to use one of my favourite sayings. It's lonely at the bottom. Good for you.
Comment by
northernman59 on Dec 10, 2024 4:03pm
Your favorite saying is buy high sell low
Comment by
downwithdotcom1 on Dec 09, 2024 5:18pm
close 4.15+0.49 (+13.39%)