If you believe that gaps get closed at least 80% of the time, and that the bigger they are the more likely they are to be closed, then you will be pleased to note that there was a 15 cent gap created during the recent fall that will almost certainly be filled in the short to medium term. That would see us return to $3.55 to achieve that, and that would ease at least some of the pain we are all feeling at the moment.
I sold some at $3.12 on the way down and bought a larger amount back for the same cash at $2.80 to increase my overall holdings, but that's little consolation for the paper losses of my overall BRM position at the moment.
To say I am absolutely disgusted with the short-sighted, pompous idiot who caused this would be a massive understatement, but I'll save that for election day. In the meantime, I'll be watching for a steady climb back to reality for BRM's share price and in particular, for that gap to be closed.
Bones
BRM Price at posting:
$2.79 Sentiment: Hold Disclosure: Held
