BMN 3.27% $3.47 bannerman energy ltd

silly buying at the top retracement pending, page-33

  1. 12,455 Posts.
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    I said this the day that BMN listed on the TSX

    "Expect volativity"

    The Nth Americans are the best in the world at "jerking" a share around as they accumulate. They need hundreds of thousands of BMN and they CANT buy them on the spot or the SP will go mad ... hence all the little orders screwing the price down.

    They still have a few weeks to do this before the end of the year, and in the absence of our normal chicken-hearted Aussie buyers, they can do as they please ATM.

    Two course of action:

    1] Put in buy orders ... it scares the crap out of them, they either have to sell to you & get rid of you, or they have to put their buy bids above you

    2] Dont look ... It is damned frustrating, and there aint much we can do until buyers come in to force the SP up. That wont happen until the Aussie into's & investors wake up to themselves.

    Just think 100 mill lbs ... and if that doesnt do it, sell to the Canooks!!

    :)
 
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