bmn chart says ... ::buy::, page-8

You guys are bagging Russell when he was giving very solid advice. He pointed out (CORRECTLY) that BMN was due for a big retracement from the $4 mark and it fell 20%.

Personally I enjoy input into threads that is negative as long as it isn't blatant downramping as otherwise they can turn into "love-ins" with everyone pointing to the blue sky and not being able to see the big hole they are about to fall into. Sometimes you don't even see the guy standing next to the hole waving his arms and screaming for you to watch out for it LOL.

BMN is an excellent stock but anyone buying it at near $4 at that point in time was as Russell put it "silly" as you could have got it sub $3.30 a few days later. I'm wanting to buy some more of these currently but while its still in short-term downtrend I may as well sit on the sidelines and see where it goes to. Another -200 or -300 points day on the DOW and it will be back near $3.20 again.

Don't confuse technicals with fundamentals - fundamentally its brilliant IMO, but technically at the time of the post it was horrible. Not everyone buys stocks with multi-year, sit and hold investment time frames. Even if they do, why pay more than you need to to take a position?

Keep up the good work Russell - I enjoy your input on a few of the stocks that I hold (NCM, ADY, BMN).