Obviously it was BS that Oscar was shoveling. I guess that means what he said
about BCMD reporting by Nov.15th was probably babble, too. I do not see
over 600,000 as low volume, Milk. We are unsure where to go, down to nothing,
or up through 1 1/2. The market has determined that. It also has determined that
1 1/2 is the high for now, and that there exists a buying opportunity below that.
So, we hover between 1 3/8 and 1 1/2, till there is more to fuss about.
With the strength of the last two weeks, one might think that the investors
would bail. Like I said before no news is not good. BUT, it depends what the buying is for.
If there is buying for production numbers of this quarter, we won't get that for another 3 months. If
it is buying for announcement of JV, that could be anytime. If it is for news of progress, or more news
of a big ore find, that is anytime. The first scenario has a slow steady rise till the announcement. The other
two is a choppy ride-excited when there is any rumor of anything from PR, and letdown as each
day passes-but when it finally comes there is a runup. This last batch of buying is from the talk of closeness
to signing a JV partner and the Cambridge recommendation, as well as early buying for production numbers ofTHIS quarter.
When news of a JV comes, I will sell at near the peak(when it starts to retract significantly-like if it shoots to 3 and falls to 2 1/2. It
will probably go down to 2 or lower. Then return. IMHO, there is a lot of scared people out there-scared of losing it all to a megadrop if
BCMD is not producing anything "significant". Me included. You gotta watch these guys close because it could crumble anytime.
This is the first real quarter of significant action-production, etc. Everyone is watching to see what BCMD gets. If it is good, BCMD is in business for a little while.
Each quarter beyond will build a company from the floor up literally. This is the beginning of a potentially big deal. In the beginning,
there is great speculation and alot of hope-with that comes great profits, and potentially devastating losses. I am riding this wave, but first sign of real danger, like bad production numbers, and I will get another wave.
Miller |
