FYI - I have traded in gold and gold stocks for over 20yrs. My comments on BCMD were very simple, and probably accurate. If you read my past comments on RYO, or BRX you will notice that I do state my price objectives, short or long. In the case of my call options on RYO - could not be more clear: bought them with profits from move up on RYO, and have been a buyer on dips below $2.75 Canadian dollar - and a seller between $3.40 and up, I think there is a good potential on Kemess project, between now and March, 98. RE - BCMD - small mine, a lot of outstanding stock, a joint venture partner (not such a big deal)- do you know their real share position? Who they are?
I have nothing against BCMD - my point is this - whenever I have seen this type of structure, with all the hype, and novice investor comments that are evident here, it has been a trading opportunity based on these circumstances only, with very few cases proving to be much else over the long run. Take it for what it is worth - perhaps nothing at all.
But note - even if by chance something does come of this - it would not be prudent to base your investments on this type of hype IMO. I am happy to trade in and out of this situation, - do I think its a big mine - no. Simple as that. Do you - what then is your target. Lets see $10, $20 more? I will buy on dips if the trades look right to me, sell on any runup of 30% or more from purchase price, until I think it has run its course. Not buying today - waiting for dip under $1
Re - trading comments here by some BCMD holders. All I can say is - the money is always with the smart sellers, who know, and place orders, or targets in advance. They are not swayed by hype or emotion. How about you? What are you using to base actual buy, sell decisions on?
Eric
PS I have noticed that whenever I get emotional responses back on a comment I might make - it is in fact an even greater indicator of the potential that there is something not right. So stay calm and rational. |
