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Bullboard - Stock Discussion Forum BELLAMONT EXPLORATION B V.BMX.B

TSXV:BMX.B - Post Discussion

BELLAMONT EXPLORATION B > Price cannot seem to get momentum......
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Post by bankerboy28 on Mar 24, 2011 12:25am

Price cannot seem to get momentum......

past .60..it appears to get there and sellers come in...probably will go back down again to test support levels...can't be oil and gas price or markets..just investors wanting out to move on to something else
Comment by hawkowl1 on Mar 24, 2011 3:19pm
Selling lately in BMX has nothing to do with fundamentals or technicals.The overhang is from the 35 million shares that were issued in February 2010 to buy Standard Energy.It is my opinion the selling is from this group.They probably want their capital to start another junior explorer or whatever.Issuing shares when your a penny stock is not a good idea especially when natural gas prices were ...more  
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