It does look like the s/p could drop below 10c when you look at the speed of the drop in s/p so I wouldn't touch this stock with a barge pole because YOU WILL LOOSE MONEY.
It perplexes me that at the end of most days there are always enough sells to send the s/p lower which suggest someone with a lot of shares is forcing the price lower (a seller would try maintain s/p higher not lower). So why would that be the case? Only answer I can come up with is that a major shareholder is reducing their average share cost by conning the public to constantly buy high and sell low (thinking bottom is in). Perhaps if people stopped buying into BDR it wouldn't be profitable for them to keep pounding the s/p lower. They also seem in a hurry, perhaps they want complete the process before the next quarter announcement.
Anybody that has lost money on this stock should complain to the watchdog as no news release has really justified a 66% drop in s/p.
BDR Price at posting:
25.0¢ Sentiment: None Disclosure: Held
