BMN 4.90% $3.30 bannerman energy ltd

Ann: Quarterly Activities Report, page-25

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  1. 4,827 Posts.
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    BMN drifting along the macro?
    .
    From a weekly perspective, a very slight gain from 226 to 230 this week. Volume moderate and usual.
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    So what is happening? It's playing the macro. Which is not giving a confirmed direction. It made a new low of this phase at 216 this week.
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    Personally I bought a few more BMN yesterday at 219. Reason being I feel it has dropped more than other stocks. Also, when BMN runs, it can run hard. Last week my average was 232, now my average is 227, not much, but I was looking to where to add more U stocks, and I felt BMN could be one.
    So what may happen next week? All eyes on CCJ. As I wrote last week, if it can hold 39/40 level, it's game on. Otherwise talks of protecting capital may come into play. CCJ is at critical juncture. It can go either way. Let's hope its on the up. Enjoy your weekend and all the best.
 
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