Barring positive news, tomorrow should be the last down day.
BGMD is obviously NOT a pump-and-dump, as some of the bashers here claim. Having said that, from a technical perspective, the stock should retrace to below $1.10 by Thursday morning. It might even go as low as the gap at $1.04. There were two large share dumps in the last five minutes of trading, today. The 58,400-share dump at 3:57 dropped the price straight down from $1.30 to $1.27. Obviously, a bad sign for tomorrow. I'm now two for two over the last two days, despite having been the target of all manner of bashing and insults. Hey, don't blame me for knowing how the stock market typically works. Try to fight the tape, and you will always lose. Again, my calls are always predicated on the absence of unexpected news. I'm far from perfect, that's for sure. But, you don't have to be anywhere near perfect to make a lot of money in the stock market. If you're on target just 70% of the time, you're going to do very well. I hope some of you took the opportunity to buy some ARIA in the $6.60's, today. If not, you can get it right now, in the after-market, for $6.71. Today was the third, and last day, of a relatively low-volume run-down. Over the next three days, it should do extremely well. Please don't bash me now for touting it. Check back with me in three days, and then we'll talk. Good luck and goodnight to all BGMD longs!
actually it was at 3:58, but what is 1 min in the scheme of things. the 300k dump in the 1st 15 mins was the start to the days decline. I have been holding for nine months and have considered trading it but too much volatility as of late. I will continue to hold to next earnings and watch how sp reacts.
explain why at 58k share dump at the close is a bad sign for tomorrow? In the past 2 days, there were large share purchases near and at the close, and the next day the stock was down......how do you explain this?
I believe that my post explains my rationale well enough. But, here's one last response for the evening. If you see large blocks of stock being dumped near the close, and it takes the price down more than 2% in the process, why on God's green earth would that be viewed as anything but a negative indicator for the next day's trading? Who knows? Maybe it was just a head-fake, and there will be a positive press release in the morning that shoots the stock back up. But, the chances of that happening tomorrow are quite remote, and I'm certainly not going to buy the stock on a hunch like that when it's in an obvious down-trend. If I occasionally miss a rally because of something like that, so be it. I'd rather miss out on occasion than buy a stock at a much higher price than I expect to be able to get it at in the near-term. Goodnight and good luck.