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09/10/16
16:45
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Originally posted by boy1
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As much as I am not phased by the recent sell down, the recent sell down is actually a wave to resume harder increase.
Think about this,
BGS landed in Europe this weekend and we are roadshowing. Now that the SP has retraced from its new high by about 25%, we are able to sell the stock to new investors with them not having worry that they are buying at new highs.
This 'discount' will encourage a plank of new holders who are willing to hold for value reducing the trading amount of shares even further.
Now if you are bullish on FA of BGS, couple that with a new register that's been tightened even further, then it creates the environment for a higher push to new record highs.
Not saying it's going to happen, but things don't always go up, but we just had 1 step back...
So what's missing might be the 2 steps forward now.
Looking forward to this week!
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On top of this, a lot of buying during this sell off has come from strong hands such as ourselves which only solidifies us for the next move assuming the same buyers are in for a quick buck or two.