Hi Guys,
I have been proved wrong again on my chart reading...(may be i should go for tarot reading...:-) ) but as i have mentioned i sold them out for a loss of $1600...and i do not see this sp going anywhere until they make any announcement... but today's BNB announcement did lift BBI sp a bit to 0.084, the point at which i could have made a break even trade...:-( however a loss is a loss...and i'm sticking to my words...
PS: schlomo, it was not my idea or not in my thoughts to ramp up a share price for my own benefits...however even if we assume that suddenly all of the world will listen to my words...then it'll be a win-win situation for everyone ... because in my calculation it is always a zero sum game...so given the right conditions everyone will make money/atleast break even...
I was just trying to interpret a chart and putting out my opinion....if you do not believe in my interpretation (which has been proven wrong in a practical way...)you are always welcome to say where i'm wrong...still in my opinion the bollinger bands are very narrow...SP might pop at any time...also one more indication is that since i sold out now you might see a ride now...:-)
Cheers
PMT
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