my take is that the BGS is 'exhausted' and only that.
its waiting for results to determine the direction purely. don't think it takes a genius to work that out.
supporting this, we have maintained a 2.5-3/1 ratio of buyers to sellers, and are operating on small volumes which is fluctuating the share price.
the buyers are the lowest i've seen in a while at 37.1m but on the contrary, so are the sellers, at a mere 13.4m, again, the ratio has been maintained.
39 buyers at 37.1m is almost 1m of shares per buyer, so we have larger commitments from those, and on the sell side, we average about 200,000 per seller...
take it what you will, but I think its clear that BGS is showing signs of exhaustion and consolidation rather than a volatile stock that's ready to crumble 40%....
as stated previously, although the news is late, so be it, it does not change whats in the ground.
outta ere.
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