Technical signals go green, page-19

Might be more of a technical break as opposed to anything else. It had to absorb the placement flush out and now its finding its legs. This has never been a leaky ship. They tend to have regular news flow, so don't be surprised if something hits anyway. Not every move (up or down) is a plot. lol

I think we will look back down the track and know exactly who the suckers were. I have seen this many times. No guarantees of course, but patterns of well run companies do emerge. I remember buying Riversdale mining at the beginning of the resource boom. Everyone was buying iron ore stocks for silly money. Most died. Few were buying coal stocks. You need coking coal to make steel of course. The market was overly focused until everything took off. I bought a chunk of Riversdale and the stock didn't really move much at all. The old saying goes 'the first dollar is the hardest'. It took a long time. Once it broke the dollar mark, it quickly hit $5 and then $12.50 before the GFC. It crashed back to less than cash before RIO took it our at $16.50 cash. This is a smaller carbon copy. BC8 has gone from 20c to $1 (tiny stock on issue then) and then back to 28c. Now it can be valued at $1 and heading towards production. The upside is unlimited at the moment and the downside is basically in the price imo. New discoveries are bound to happen. I personally think the suckers might be people who dont do their research and get emotional or frustrated. Markets often don't value stocks correctly. Look at any chart over 12 months for reference. Its a moving target. I personally think bc8 might be one of those stocks. Its been a long hard road, but its lined up from what i can see. The stock is up today and can be down next week. The sentiment is weak as pi$$ at the moment and hence the value.