Eric, No doubt about it, you are winning this discussion so far.
I have two or three points yet to counter.
One, with BCMD previous poor record, prior to its October news, when it was just trying to stay alive and keep it's properties, it was indeed going on potential. I do not think its record was such that BCMD's potential was given a high valuation, the SEC filings are pretty plain and must have been at the time. It would seem to me that the very opposite is taking place right now, that the stock is trading on it's fears and anxieties, there is nothing CONCRETE driving the price down but a wall of worry.
The exception is if there is bad news we do not know about. But I believe most of it has already been discounted, if not magnified, the bad weather, the $1 price requirement, the 490 oz mined. As you well know and admit, this could all be turned around very quickly.
The charts are the second point. I am no TA expert, I am learning so educate me. I admit I see broken supports all over the place, etc. etc., but isn't there also a place where a sell off goes too far in a stock, and there is a rebound?
Finally, through all your face the facts logic, still you are looking for a buy point somewhere on those charts.
I am not saying you will hold it for more than a few days, but I am willing to bet you will buy BCMD some time.
Best regards, and in my increasingly humble opinion<g>
Roebear |
