The problem is if it does fall to 60 cents, then one is prone to hold back, in case it falls to 50 cents & so on. IMO it is best just to look for a reasonable, technical buy signal, rather than an set an arbitrary number. Then to take a smaller position, and then build on it. All the best though.
On another note, the frenzied buying yesterday really screwed the SP ... a rise to say only 70 cents yesterday would have resulted in better buying today & a more solid close.
Now we will have to wait until it consolidates & stabilises before any further progress. If we disregard yesterdays spike, the close at 68 cents today is its highest close in 18 trading days, and marks the change in the trend. Some small baby steps upwards from now would be nice.
It will be interesting to see how the Canadians like this result, there has been steady buying there of late, and BMN closed last night at C$.60 = A$.74 ... that was before the resource increase.
cheers
BMN Price at posting:
68.0¢ Sentiment: LT Buy Disclosure: Held
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