chicken said:
I am sticking to what I have said.....Chicken said so
You said that the chart tells you the next stop will be 40c Chicken? Well maybe you should show us your charting logic so we can assess what you mean, remember that we have got stricter here on ASF, it's not like your early days here, you need to back up your price targets with more than just 'because chicken said so'.
I'm bullish BMX overall too (pending break of near support, I now see this as
possible distribution due to the lower prices and high volume) but I give reasons for my statements.
So time for your charting abilities to shine forth chicken, I thought you were more of a fundamentals ramper.
Blueroo/Caliente, the sorry story is that the smart money normally accumulates once all us smaller punters have had enough of it, it's just hard to say for sure that this is accumulation happening, I thought it was so only recently but then it fell through minor support, always safer to wait for the major downtrend line to break via an impulse and then buy into the correction.....but with these smaller players it can move so fast that we lose a low risk entry....oh, well, that's the market. I've found it interesting following this stock as a study blueprint for future juniors.
Noirua's points should be kept in mind, it's easy to only think bullishly on a stock and be blind to the reality. I still favour the stage 1 or 2 type entry for these stocks pre-production, that was the main impulse we saw from last year.