Birim Goldfields Inc. (BGI-T) Message Board

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Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T)

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To: m jensen who wrote (507)	2/17/2000 10:15:00 AM
From: Brian MacDonald	Read Replies (1) of 922

Mike et al, Here's a little bit of TA on BGI - although it is mainly event driven at the moment. See the following chart: quote.com Set the time to 'D', for day, and then note that we are now visiting the $0.30 level for the 6th time since Dec. 1999. Each time the stock rose to that level, it was met with a wall of selling pressure. Note also that after each rise, however, the lows have in fact been 'higher' on each occasion. Hence, the 'bulls' seem to be gaining strength and the 'bears' are starting to weaken. It is only a matter of time before BGI breaks that $0.30 barrier and when it does hopefully it will be on big volume. That would pave the way for a substantial rally - probably a double or more in a few days. That's my take on the TA situation. Anyone agree/disagree? Brian

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