Bruce, it appears that BSG is our Alamo and we're always being accused of being down rampers when we post a TA opinion. Never get an appology when we're right, only get further accusations that our down ramping caused the fall. As If!!
We have the Hanrahan/Stolwyk tag team going on here again! You would think that they would learn!! Hanrahan, all I can say is open mouth and remove feet! It's not over until the fat lady sings! Weakness in both gold and silver is actually panning out exactly how I envisaged! Silver drops below the May low and we'll see some carnage! Only 50c or so to go! US$ rallying also!! Base metals topping!! Now some TA know how may have saved some, a bit of unwanted pain and suffering! I've been in this game quite a while and can tell you from experience that nothing pees me off more than seeing my paper profits drop 30/40/50 % from their highs! Yes, I use to console myself and remind myself that I was still sitting on profits, but I wasn't getting wealthy real quick. Just for info, I'm over $500K better off at the moment having sold my BSG and MMN when I did and making some investments in AIM etc than what I would have been had I held both stocks! Not bragging here, just putting some perspective out there for the novices. Sorry, I'll have to pay some tax!! Better get that in before the other BSG do gooders start up!
I have noted that BSG rallies in the morning (dumb money) and falls in the afternoon (smart money). I look forward to getting back into BSG because I am guaranteed an exit at a good price no matter what happens because the die hards who have been buying since $2.80 will always buy my stock and ramp that it's under valued because PJO is at such a price.
time will tell!!
BSG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held