Come Monday, which direction do you think BRD will go?
Personally, I just experienced a massive gain on another junior miner GSV which went from $.60 to $1 in a week. That makes me slightly more optimistic than I normally would be, but still, I think it's fair to say BRD is finally getting some attention.
$.65 is the highest this stock has been in months. That alone lends strong evidence to the possibility of a short covering rally. Just like the market buys when a stock goes up (whether they should do this or not is another question) and sells when it goes down, so too do the shorts but in reverse.
We just had some good exploration results announced, and positive guidance from BRD management over the last several months. I believe the big players are starting to get interested in the possibilities here.
All in all, I think Monday we should see a continuation of today's rally, and a true breakout.
You are absolutely correct Monday's direction is UP...because its 20 DMA vs. price is screaming buy. BRD blew past its pivot point of $0.63. Resistance is at $0.70. If BRD makes it past resistance, WATCH OUT.
TA indicates a strong possibility that BRD will crush resistance, if Friday's action is any indication....GLTA. I am swinging BRD.
Or engineered price spike leading to new share issue?
Paradigm Capital in Toronto, both late thursday and late friday, moved BRD share price and volume significantly higher via "cross-trades".
Kerry Smith [Haywood securities] published an "analyst opinion" in Northern Miner shortly after 3pm thursday pumping BRD management talking points and assay results which weren't released to general market until after 6pm thursday.
So look for Paradigm and Haywood as underwriters of BRD new share issue likely within next 4 weeks. gl
Bozo bosar is back with his fortune cookie analysis. Just maybe management sense the time is right to raise some money for GF now that they know BF can sustain itself indefinitely. Bozo bosar having been fired by the Company for stupidity never wants anyone to think positively. What an idiot.