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I cuffed my hands so that I will not top up BMN just for today....
BMN - Bannerman Energy
- Thread starter chris1983
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mmmmining said:
Poke around the broking traps to gather any ideas why price would drop. No explanation except that it was probably due for a fall and peeps are getting impatient blah blah blah. Definitely nothing negative emanating from BMN as results should confirm the upbeat consensus. No major sellers either so it seems the day traders exited all at once. There might be a little more weakness before price recovery. Believers are hanging on and riding it all the way like me.
Could be more weakness but it could also be prime time to jump in. It all depends how much longer the results are going to be. If they did come tomorrow we would see a rather large jump in SP being easy money to those who got in. Thats just my opinion. Im also in for the long haul so the quick money going into and exiting out of BMN doesnt phase me. Results must be close though...I know you said there were delays LIS. I just want results because I'm excited to see what have in the other 2 drillcores. Im guessing we will also get the results from the elpse channel from the swakop river license so that will be interesting also.
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chris1983 said:
Yeah I got some more today.....its no secret that BMN should come out with good results. At least now the share price is not artficially inflated by day traders. I think its a fair price but if it drops any lower tomorrow then I'm selling my house and buying more (I wish). This is the bluechip of the uranium stocks
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My glove is off, I bought some today. Just think it is a bit cheap. I may not pick up the bottom, but I think the valuation is looking good at this price.mmmmining said:
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It hit all my stops today, so not sure what is happening, will watch to see which way it goes. Very nice position, position, position but time to take some profits. Will watch with interest.
chris1983 said:
A little strange to have such a drop Chris? The share price has dropped quite considerably in the last week... any news in the wind? Is it possible the results aren't as good as we're expecting? If the price drops another 5% tomorrow that'll hit my stop... what about yourself?
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drmb said:
I don't use stop. It seems silly and stupid. I buy share by valuation and research. If I buy it, I would ignore the share price movement in a short-term. I will stick to my view until I can see there is fundamental change.
Take PNN for example, a lot of people just jump out at $1.40 for fear. I guess they are more than happy to buy them back at $1.70 for greed. So what is the point? I just did the opposite, and add some position, and make a very quick profit in a couple of days.
I cannot say it will repeat in BMN case, but I have all the time to wait. I would not sell anything without news or ann.
A little strange to have such a drop Chris? The share price has dropped quite considerably in the last week... any news in the wind? Is it possible the results aren't as good as we're expecting? If the price drops another 5% tomorrow that'll hit my stop... what about yourself?
It would be hard to believe that the results are going to be negative when you consider the the cazaly director accumulating those shares at 2.70. I am using this as an opportunity to accumulate more shares.Although if this trend continues my whole portfolio will end up in there. Hopefully we have seen the worst and the upward trend will resume.
It would be hard to believe that the results are going to be negative when you consider the the cazaly director accumulating those shares at 2.70. I am using this as an opportunity to accumulate more shares.Although if this trend continues my whole portfolio will end up in there. Hopefully we have seen the worst and the upward trend will resume.
Results wont be negative. They are re-drilling next to historic holes to confirm the grades from the historic drilling. IMO you can mark down the next message to be a winner. We allready know results for 2 of the 4 holes also. Way to much over reaction with stops being hit. Some guys are smiling from the morning though. Some are crying.
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the barry said:
Its a perfect opportunity to enter this stock. Nothing has changed at all. Results which should be excellent will be out either Friday or next week. As for the sell off it was triggered Monday by impatience....then everyone followed due to STUPID stop losses......I don't understand why you would have one on a stock like BMN who can fluctuate 10-20% a day. Anyway the further it went down the more stop losses it triggered. It perpetuated the whole sell off. Hopefully we flushed out the day traders and we are back. If someone can give me one good reason why I should sell then I will but until then I'm holding till I turn blue.
How does BMN's resource/assets compare to that of AGS?
Given that AGS's s/p has dropped 40% in the last eight trading days.
And yet no fundamentals has been changed, still being touted as one of the best U find in Australia for the past 20 years.
Given that AGS's s/p has dropped 40% in the last eight trading days.
And yet no fundamentals has been changed, still being touted as one of the best U find in Australia for the past 20 years.