In answer to your questions: I post because I am interested in any gold situation where potential might exist. I trade gold stocks as I have told you many times. If a stock is in this area and trading on volumes I am interested, which is not to say I am going to buy it. I am just interested. My object is simple - to make money.
How do I do it? Combination of technical, fundamental, and EXPERIENCE.
Re: the focus on BCMD - simple - this thread needs balanced opinion.
Obvious to me that there are many punters here, yet there are probably many readers who lack any experience in the promotion, hype, and games which go on with small cap gold stocks. So I have time once in a while and I make comments. If you do not like that - well - too bad.
Fact is I have been accurate so far - anyone who bought this one since Nov. 21 has probably lost money, unless a very nimble trader.
As for the value of my information?? Is value: length, numbers, insight, accuracy etc.? Actually what I value is someone who addresses the price and shows some know how on outlining the risk, reward. Who knows when to buy, and when to sell(even if at a loss)but hopefully at a profit. So if walking through a mine or talking about "visible gold" is what you think is valuable -good luck. Projections OK, if based on realistic assessment of risk. IE if the gold were there for sure - price of BCMD would be much higher. But admit, this is where the money is -IE buy it before value is reflected. That also is the hook, and bait, which catches so many. Experience or inside information obvious help here.
My buy price: 5/8 was a target price on a pullback, for simplicity will say based on all other factors being equal. The only change I see is that BCMD - appears weak in spite of a rally in golds. If the large amount of gold that some think exists here is in fact real - certainly would expect the price to have moved up. If for no other reason thant the expected leaks, and speculation which would eminate from valuation at higher levels.
Meanwhile - since gold did move, and my positions in other situations were all moving up - decided that if BCMD did move down in that environment, would be foolhardy to pass up all the others which were going up and not down. Or would you prefer to buy the ones going down?
I have been in and out of BGO for my 30 to 40%, and WIM as noted in advance. So as for advice - what can I say Roebear - so far listening to you is pleasant, but would be costing me money. I prefer my route.
Thanks
Eric |
