Re: In Any Event, I'm Glad The News Is Out

James Bay Lowlands & Bob Lake Saskatchewan

Yes, a BIG HIT and only more big hits are coming

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MichaelEr

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Re: In Any Event, I'm Glad The News Is Out

posted on Feb 21, 2008 05:43AM

I am very dissappointed with the results.

The postpone of the results kept SP high enough and binded to NOT SP moves.

Starting this week the SP for BMK and NOT stopped correlating. And that was the first ring.

The news is the second one, because for many people there are no positive news for the next 2-3 month for this stock. Only negative (in terms of SP). That means people can make money on the other stock (like NOT with its 43-101 coming) rather than freeze funds with uncertain result at the end.

Taking into account millions of shares being free at the end of the month, I would predict a significant SP drop for the next 2 weeks - something in .3s range.

So there are only strategic investors left and big MM interested in very low price to buy.