You forget many bought in the 40s and have made a good profit. It is all about momentum. However, from a TA perspective it was due for a retracement once the immediate uptrend was breached as trailing stops and stop losses become activated. The short termers that helped propel it up will always take profit.
However, excessive delays in announcements is not good - sure it provides an opportunity but it can also bode short term news which is disappointing.
i hope you remember the delays in announcements with the first management team that almost resulted in bringing this company to the brink.
Major support is in the 58-60 zones based. Some consolidation at these levels is a positive.
BGS Price at posting:
61.5¢ Sentiment: Hold Disclosure: Held
