Discussion in 'Stocks & Derivatives' started by SilverSanchez, Sep 13, 2012.
I've lost on TON and CAS.
Like most gold stocks BDR has been going well, and i was having a casual look today and thinking about a buy. I remember that i was put off this company a couple of years ago when the previous managing director sold a massive number of shares. Looked it up and it was 3m shares sold @ 77c in jan 2014.
Nowadays i see that they have inflated the issuance of shares to over a billion ordinaries, but whats worse, they are still helping themselves to performance options. More announced in june and there are now around 45m unlisted opies for mgt.
So its an easy decision for me to drop it, despite a promising chart. Shorter term on daily and weekly it seems it could pull back here, but the monthly chart suits my requirements for a wait to buy: strong positive volume, bollinger band pierced to the upside, significant levels broken through.
Agree on the wait to buy Finicky, sold out myself above 50c but believe in this companies future and will buy back in for sure.They have already flagged that the the pending quarterly report wont be flash due to wet season and a few other things but that's the buying opportunity imo,,,after that it's all systems go .Huge resource.
Just to clarfy my sentiment - i will not be buying BDR, even though i like the longer term prospects of the monthly price chart. I might be cutting my nose off to spite my face, but i dont like the management behaviour past or present: high inflation of share issuance, and heavy oppie issuance at undemanding ex prices for an already well paid management.
Might be worth buying today
Chart looks well bullish
Anyone know why this is getting smashed today (5% down) and Friday (16% down)
And of course with hindsight I should have sold
I accidentally called the high on this one.
Said in July, price peaked August.
So were are we now on this stock?
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