BMN 0.61% $3.28 bannerman energy ltd

$1.00 has been hit, page-24

  1. 12,455 Posts.
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    Well everyone can take a breather now ... time for some consolidation, which is much needed.

    Club-sharer, I have been watching the volume too, but dont see it as an issue. Besides a few days of high volume spikes, BMN's volume has still been high right up until yesterday -(Even very high so far today.) A slight average decline but that is to be expected because in early Novemeber it was trading at 30 cents ... in late December it hits 1.04. Obviously with the SP 250% higher there are going to be less shares bought for the same amount of cash, leading to a natural reduction in volume.

    Despite this, yesterday we still saw nearly 1 million trade, which is as high as it was in mid-Novemeber when it began its strong break from 50 cents.

    However your point is taken that all rising stocks must rest, and BMN is no exception. Some will also use this oppotunity to take profits, and traders will exit. It will be good to see some churn around here for a spell.

    cheers
 
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