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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: knowell who wrote (509)10/25/1996 2:50:00 PM
From: Tom Trader   of 10482
 
Ken, on BGO's Fib retracement

You are quite right that if today's low holds, BGO will have completed a classic Fib retracement. Now let's see what happens.

I did not get in as early as you did but I too was fortunate to buy some well before the run-up and have added to my position since then. I am looking to buy some more and trying to time this purchase using technicals. I think this is a stock whose time will come and I am in it for the long haul. The kicker will be if the price of gold begins to move up decisively.
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