To u and others please don't get me wrong as I'm not saying bpc will definitely be 0.50c in x months . I had a quick look and bandied around some numbers .
YOur right that TA works best in momentum trading or when everyone is playing the same game . The hard part is to pick what the game is and why a particular stock is moving a certain direction . TA is a only a guide on future price movements using history to make some assumptions .
As for BPC mate "I love them" as u guessed it I was a GMF shareholder who quite happily took the money from a knight in shining armour . lol
Now bpc has to work out how to make the dam thing work and bed down all that debt , not to mention the drought problems etc etc . I spend a little time up in the wheat belt so can happily say that Vic's wheat crop looks a boom this year so hopefully wheat prices will be lower . I hear it's preety good in W.A as well .
Lets see what probs Oct into Nov brings us as bpc have just had there 2nd month with a lower close .
cheers ge
BPC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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