BIG 0.00% $2.22 big un limited

monday

  1. 1,525 Posts.
    Well this will sure be an interesting day for all. It will go either 3 ways (yes I know thats an obvious statement)

    1) UP - John Kelly will come up with the goods and we will all be happy, The problem is I don't see how we can expect amazing results from 2 drill holes, heck maybe they have more results today and will report more on Monday which will be a boost.. Or there could be substantial grades of copper or other important metals. After all there is a pile of other minerals on this block...

    2) STEADY - The announcement is good but not great, There is a lot of expectations out there for Monday and JK added to this yesterday with the anouncement.

    3) DOWN - The announcement is realtively ordinary. Oh well there will be more to come in the comming weeks...

    The question is really how many bought today on expectation of making bags of profit on Monday only.. This is a substantial risk which is why there was no substantial increase in the share price today compared to the drop yesterday.

    People I guess were in various thought processes today.

    Buy, either because of the fall yesterday gave them a buy signal as it was of oversold for long term holders,

    Buy because of high expectaions on Monday from the announcement.

    Sell, believing that there is too much hipe on mondays announcement and as such price will drop if the announcement is average or poor and provide another opportunity to build up then.

    Sell because they bought yesterday and it was a good profit today and don't want to risk a drop on Monday...

    I think there was quite a few people who took a risk today for a great result on Monday and a quick profit....

    Well it will be interesting...

    I still hold all mine, no change. Just shooting some thougts out there.....
 
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