SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : JAB International (JABI)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jeffery E. Forrest who wrote (2927)2/8/1998 5:27:00 AM
From: Tai Jin  Read Replies (1) of 4571
 
I am just a novice at TA, but I have read that TA does not work well for low-priced stocks. TA, candlesticks, or any other analysis is not full proof and can lead to false readings. And although TA is supposed to be objective, there's still the danger of reading into the indications what you want to believe.

Now I'm not passing any judgement on the TA you've done on BCMD, but I thought that I should caution everyone about the use of any one system to "predict" the future. It is best to look for supporting indications from analyses which consider other variables in addition to price and volume.

Okay, so my guess as to what's happening here is that the stock is either under accumulation or distribution. I think that just about covers it. :-) All seriousness aside, I believe that when the company shows revenues from gold production (perhaps next quarter) and proven reserves and a plan to be profitable then we will know the fate of our investment.

...tai
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News