BDR 0.00% 6.5¢ beadell resources limited

The SP is going down because many people are unloading their SPP...

  1. 284 Posts.
    The SP is going down because many people are unloading their SPP allocation (or trying to).

    I bought the max SPP allocation but I sold those shares at 32c, that was my intention from the outset, to make a quick profit on the SPP.

    I think many people might be doing the same thing, the shorters know this and are thus, shorting the stock.

    Once we get through this period of "forced selling", BDR will rally, the shorts will be squeezed and the SP will have a parabolic move into the 40's.

    IMHO.

    I'm still long and strong with my main core holding.

    Cheers
    Ivan
 
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