BMXC likely going much higher. Why? On June 14, price ran up to .0115 on Good News of an early debt payoff on strong volume,but then sold off (likely due to long term holders who wanted to get out with less of a loss) and closed at .0062, long term down trends tire people out and they sell when they get the chance (we all know the feeling at some point in our careers).
Yesterday BMXC ran up on the Very Good Wal-Mart news from the 8K on even stronger volume to .012 and this time held it's gains and closed at .0118 showing that sellers in this price area were gone.
There are more people back from Jan through March, likely waiting to sell,(ie. resistance), but they are in at much higher prices and will likely be waiting at least until .02, They may even change their mind as they see long term value returning to the stock,so for now I think it's UP!!
I do have a position in this and posted about it a few times yesterday, GL!!
Yesterday BMXC ran up on the Very Good Wal-Mart news from the 8K on even stronger volume to .012 and this time held it's gains and closed at .0118 showing that sellers in this price area were gone.
There are more people back from Jan through March, likely waiting to sell,(ie. resistance), but they are in at much higher prices and will likely be waiting at least until .02, They may even change their mind as they see long term value returning to the stock,so for now I think it's UP!!
I do have a position in this and posted about it a few times yesterday, GL!!
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The fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking and reaching your own conclusions - Jesse Livermore
