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PatienceToWin

13,057 Posts.

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02/05/17

08:55

Post #: 24399195
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Originally posted by tbo350 ↑

i know these are two complete different companies however BAL is starting to remind me of fmg a bit.

I currently trade fmg on a monthly basis, I traded it all the way down from like 7 bucks to 1.44, everyone was screaming from the roof tops that fmg was going under, all the way from 7 bucks and down to what people were calling it to go under I held my nerve and wrote put options on it on a monthly basis.

then in the throws of it supposedly going under it started showing some signs of life, its heart beat just started getting that little bit stronger everyday, you know 15cents here, 20 cents there, then another 10 cents then another 40 cents. Every jump it had despite still selling insurance premium on it and making money, I said to myself sheet when this pulls back a bit I should whack a few 100k in this as a longer term trade. Anyway I kept waiting for that pull back, it never really happened, rather fmg just soldiered on with little daily rises every day and not before long it hit like 7.30.

i may be dreaming but could this be another slowly slowly wins the race, a few cents here a few cents there and then in a month or so we are at like 7 or 8 bucks and then we look back and say how the heck did that happen???

don't know i could be wrong but the way its been trading lately its looking like the BAL heart beat is juts starting to gather some momentum.

good luck to all.

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"ORGANIC" - Australian made - "Clean & Green", already has built a brand name in China, once BAL is approved and meets the Chinese regulation's, which it will, BAL will be back over $10 and rising....give it 18 - 24 months

BAL Price at posting: $5.40 Sentiment: Buy Disclosure: Held
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Top Stories

Vulcan appoints investment bank and M&A veteran to board

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Utah authorities sign off on Anson's lithium extraction plans at Green River

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

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