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to all: enjoy the posts; thought you'd want to know, I recently added BMC around 16 -ish, as another depressed Tech buy here, with a close stop if breaks 16, by my "PSYCLE sm" concept....it seems to have formed a neat, tight little base here, with some insider buys, as y'all said....FYI, don't be upset, but I also really did have it on my "shorts/puts" list, when it formed the opposite chart pattern, and gave it out, in June....but I do not employ "fundamentals/stories/ emotion" like most all other people do, instead I watch for long-existing, historical, repeating patterns, of chart and human behavior/sentiment, which also is somewhat positive here (most people hate BMC, and many depr. techs, so I like that)....it may still need some chart work (time), but providing it holds 16., BMC should shape up for you nice people, with a close stop just in case....oh, and it's "volume catharsis", since Nov., is also historically a decent thing....shook many if not most, bagholders, out, right at the time they should be looking to accumulate....normal occurance, right ? ....but I wish still a lot more insiders owned more shares....the "Asian" crisis will pass, just as the Mexico, Japan, Silicon, did, right ? but I only buy near lows, when others are fearful...last, initial upside target is near 20. range...but a target is difficult, due to down gap....let's see if it can get above 19+, first....longer-term, an attempt towards previous broken support around 24. is possible, if sets up properly... I will follow-up as necessary, best wishes, |
