forget charts and tech analysis

As regards the long-term scenario, IMO you can forget using charts & TA with BMN while "they" are manipulating the stuffing out of it ... what significance can it have if the final day's SP is being "manufactured" virtually everyday?

We know the fundamentals, and they just keep getting stronger, and stronger with each passing day. I am happy to see holders shaken out & selling into the accumulators of this stock, in the end, the direction of the SP will depend on them, so let them accumulate as much as they can, soak up stock from weak hands, and tighten the register ... great for long-term holders.

"In connection with the manufactured close" ... if you were watching it live, you would have seen the 3204 x 1.09 bid ... then with 30 seconds to go, a 1305 x 1.08 offer is placed ... dropping the auction price down to 1.085 ... effectively using the sale of ONE EXTRA SHARE only to drop the price down on close. Suddenly with seconds to go a 10,000 x 1.09 bid arrives, within a second that is equaled with a 10,000 x 1.08 offer, which cancels him out & drops it to 1.08.



Happens just about every afternoon on close ... all the day accompanied by the tiny bot-sell of just a few shares dropping the SP DOWN to the bid price every time it goes up.

The closing price is being "manufactured" and the stock deliberately sold down through the day on tiny amounts to destroy small retail investor confidence. The sell level are regularly stacked with multiple 10k offers to give the appearance of many sellers wanting out ... massive constant manipulation going on.

These exact tactics were seen solidly through 2008 with EXT. The market refused to believe the complaints of the EXT faithful, until they were forced to when Dattels showed his hand. The same is happening with BMN. The ASX refuses to properly police it, allowing brokers to regulate themselves ... What a joke!!! So brokers make all sorts of ridiculous rules stopping small online traders & investors from supposedly manipulating the market, but they allow their large sophisticated clients access to their Algorithm trading platforms, which effectively is a "licence to manipulate" with impunity!!

So be warned ... Right now BMN is worth AT LEAST $3.00 just to get it on par with its peers. Taking into consideration its advanced status, it should be trading higher. Sell out & trade elsewhere by all means ... but dont get caught out when it runs. This is a very hard stock to accumulate a large position in when it is moving. IMO these are times to be buying & accumulating, not the time to be selling.

Tread carefully!! BMN is a ticking time-bomb!!!


Just my opinion!

;)