look at the volumes over the last 4-5 months. this is the period when majority of shareholdings have changes hands, in other words, the sellers made there loss as the SP drove down from 15c to 3-4c where the new wave (smart wave) of buyers purchased.
Having said this, when the shareprice is now 700+ % higher than this why wouldnt most shareholders want to lock in a profit. Hence the selling, hence the fall in ST SP.
Me, im on a loss as i bought in on friday, me, i dont care, itl turn.
Take MMR for example, SP spikes, then next day retrace and ST traders lock in a profit and get flushed out of the system. Next day, new wave of buyers come in with no willing sellers, and the SP rockets again.
Its logic.
I hold confidently.
BGD Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
