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15 cents?? should i buy in, page-31

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V*

5,154 Posts.

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22/12/16

02:16

Post #: 21502742
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Originally posted by wombat53 ↑

"but much like 'the big short', where they got in big anticipating the reversal"
That was other people's money... (OPM),,,and they waited two (2) years, suffering great monthly drawdown...paying hefty insurance premiums (CDS). The main investor wanted OUT you will recall... the character (Burry / Bale) had to stop redemptions.
I don't see any sign of a reversal (which I've written about at length, in detail here or on Gold Forum (which I have left).
I feel most don't don't know what a reversal looks like, our Shemittah friend being foremost amongst them. IMO, BDR nowhere near a reversal, still making lower highs, lower lows....He calls one every day, and price falls further. I got fed up with the BS.
I called the dismal prospects on Friday, in great detail and charts, and this has panned out as I stated...Fri Close on daily low, weekly low, and break of support (not good)...all can and have seen it and so selloff continued this week....only 2c (so far) , but not a trivial %age...it keeps falling....
Feelings don't count...it's the picture being painted, the story that's being told, the confluence of events....
"Bargain hunters" - absent any credible evidence, such as a t least one higher high and higher low, will get mauled, IMO. As they have been to date, perhaps yourself amongst them.
Pls see most recent Post of this evening...
Thanks

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thanks for the reminder of the big short being other peoples money.

but i think you still missed addressing my point there, which was do you sense a reversal for any reasons could be coming soon?

"Do you think aside from charts that there's any potential here finally for a bounce or a trend change?"

I have many, but the chart is being true to your analysis.

Last edited by V*: 22/12/16

BDR Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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