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Under $0.30 is a very low possibility. If you watch BAA trading carefully you will find that the BAA power is sweeping any cheap shares that are priced below the big capping ask order price. Once the BAA power lets BAA price go above $0.30 it will not allow the price go back under $0.30 again. That is why the BAA power uses its full force to cleanse the basement. I think the basement is almost cleansed and BAA is ready to move tomorrow.
To potential BAA buyers:
Based on my observation and analysis on BAA market action, I get the following two points:
1, BAA market is approaching a healthy trading direction by a powerful force interference, this force may be from BAA insiders or institutions. This force already broke the BAA price cycle patterns by forcing profit-takers to take profits each step other than for them to take profits as a whole lot at the cycle top. The same time, this force also absorbs any dumps every day to avoid a cycle bottom formation where the profit-takers supposed to buy.
2, A gradually increasing price. This force every day puts huge blocks on ask to avoid pumpers' pumping action. If we don't have pump the dump is voided. So, any gain on price is sustainable. I also found that the huge blocks on ask are not really for selling because they are moving the price up gradually day after day. Therefore, if you want to buy you will pay more and more with your waiting days.
It kooks like that you and Lib will join the Key family finally, just because BAA doesn't give you guys a cheap return opportunity and then you turn your BAA love to your BAA hate.
considering both fully diluted shares and net asset, BAA should trade 10x higher than GSS. However, traders would like pay premium to old miners because they are known by more investors. Our BAA production is not known by many people yet.
Your explanation is nonsense. Do traders really trade stocks based on such subtle difference? If so, why does GSS price increase just recently, not immediately after its deal closed?
I am not thinking $0.32 a special resistance, but when both reached $0.30-ish from $0.17, a 75% profit, profit-takers made both shortly stop rising. However, when they retest this price after profit-taking there will be no resistance anymore because no profit-takers remain
Oh, forget another similarity between BAA and GSS, that is trading volume. Before their Feb running both traded around 1M. From their $0.17 to $0.30 Both traded around 2M. But for the past 5 days or the GSS new running, GSS traded around 5M. BAA now just started its new running.
You seem have no much patience. We just lag one week than GSS and now you start to be confused.
If you check GSS chart it is exactly like BAA chart, but just 5 trading days ahead. Both started running from $0.17 around beginning of Feb and consolidated at $0.25-$0.30 around 20th-ish of Feb, and then started running again. 5 days ago GSS was exactly BAA price now. Do you really care the 5 days delay?
For Texas, it will be OK for him to continue watch BAA price action because he still has some BAA in his account. But for you and others who have an empty BAA account, it will be a big torture to continue watch BAA price action for the coming days because BAA will create 52-weeks new high this week. Two days ago, I told you $0.2 would be zero possibility, and now I am telling you $0.23 is the new zero possibility.
Let me show you what I saw from BAA trading today.
In the morning someone put more than 200K shares on ask for $0.277 and wants to scare people selling. That big selling order made retails wonder the upcoming direction, so the traded volume was very thin and the traded price was widely spreaded from $0.26 to $0.276. At 2:00 PM, a big buyer took down that 200K $0.277 along with another 130k $0.2845 and so traders were sure the upcoming rising direction from that big buying, then the volume was increased and the price was stably rising.
I also saw a strange thing recently, the buyers of big blocks never put their buying orders on bid, but when big selling orders show on ask the buyers jump out stealthily and took the whole big selling blocks down.
That means we have a lot of hidden demands.
Please be prepared to complain all the way down to $10: "BAA is overbought; BAA is diluted; BAA will be delisted; BAA is heavily debt loaded; so BAA is ready to retrace".
Don't be too excited about the price decrease, it was not real, but it was just from some fire players. If you watched the trade carefully you should find that we had three big blocks raiding the price at a three different time points, but no any big volume followed these three raids. That indicated the sellers wanted to induce sell-off for some reasons, but almost BAA shares are in strong hands now. So, these sellers will pay more to buy back these three big blocks.
"The group saying the stock would continue to rise" is based on thousands of factual reasons, but "the group saying it will drop back and consolidate" is based on only one reason that is BAA price cycles.
I suggest you buy your shares back as soon as possible and gradually do small flips to make your shares back. the longer you wait the less shares you can buy back. Don't expect the deep BAA price cycles anymore and any price pulling back is a good opportunity to buy.
Think things this way, you want to buy back at $0.21, that means we need sellers at $0.21. Now if some people other than you want to buy at $0.21, do you want to be the seller?
Can you give your reasons, why and how?
dividend is not necessary to be payed quarterly on time, it can be delayed. I think BAA will pay 2015 Q4 and 2016 Q1 together after 2016 Q1 production announced.
We may expect more insider buying after the pending deal closed.
When you are back you may not recognize BAA anymore.
BAA share supply is creating a huge deficit. The longer we stay around $0.27-$0.30 the bigger the share supply deficit will be. In that case, the deficit will send BAA above $1 in no time.
A lot of posts on the board said BAA overbought, so BAA is ready to retrace back to $0.25 or even $0.20. So, many old BAA holders sold, or are planning to sell and hope to buy back at lower price later.
Yes, BAA is overbought because BAA price raised too high and too fast.
But it is the overbought making the share supply deficit, not share supply surplus.
Now, see the detail explanations:
Deficit 1:
When BAA reached $0.21 from $0.16 it should be the normal cycle trade pattern. So, many flippers would flip there, for example, Tesax did it there. Tesax is a typical timing indicator on the board, so, I believe many flippers also did it around $0.21. So, there we need share supply for the $0.21 flippers to buy back.
Deficit 2:
Due to price continuous increase, the flippers have no chance to buy back. Then many BAA chartists found a lot of resistances between $0.21 and $0.30, such as $0.25, $0.28 and $0.30. So, many shorts would short BAA along the way from $0.21 to $0.30. They are waiting to cover.
Deficit 3:
The reason is the same as deficit 2, but the traders are not flippers or shorts. They are the true long holders. Some true long holders may not want to sell if BAA is just cycling between $0.16 and $0.21. But when BAA reached $0.31 which is a doubled price from $0.16. So, I think many true long holders also sold some from $0.25 to $0.31. In fact, based on the messages a lot of true long holders posted on the board, I believe a lot of true long holders already sold and they are waiting to buy back.
Deficit 4:
Many share holders think the Baiyin 50M share offering at $0.175 (they called it dilution) will close at the end of Feb, which will drug BAA down. So, they sold or shorted and hope to buy back after the offering.
The above four deficits should be multi-millions of demands.
Now, the question is: Where is the supply coming from?
The so-called 50M Baiyin shares dilution is absolutely not a supply source because it is unregistered private offering, not mature for re-selling.
From the new buyers to re-sell at a loss? I don't think the new buyers that kind of stupid.
From profit-takers? I think all of profit-takers are done between $0.21 and $0.31.
So, now the only supply source should be from you because you think "" zero possibility for BAA back to $0.2-$0.22". Anyone who would say that is not worth listening to"
You sound like you also took loss yesterday and want to buy back.
Question 1, why is a new government going to destroy foreign investments? Does the new government want its people poor and poor?
Question 2, when did local militias bother BAA for the past 20 years?
My hero, let me one by one answer your post.
1, zero possibility for BAA back to $0.2-$0.22, so you have zero chance to back in big time. Why? Although you took your profit yesterday others took profits along the way up from $0.2 to $0.316. So no more profit-takers now. Don't you find the BAA power forces the flippers to take profit and go away every day?
2, $0.31 is not a wall, it is just a regular number between $0.20 and $10.
3, Above $1200 POG is not neutral, but very positive to BAA because BAA is 100% profitable above $1200 POG.
4, You think your selling yesterday was a profit-taking, but the reality is that your selling was a loss-taking because you will pay premium to buy back if you wait days
5, Whether you can buy back more or less BAA shares it depends on how many days you will wait, the longer the less.
6, No matter Q4 is what, great or old BS, it will not affect price for real BAA investors because it is the past. Real BAA investors will eye on BAA current and future.
can you see through the shorts with your crystal ball?
Did you realize I am making fun of him?
But for the PR timing, I don't think your suggestion good. You know many flippers sell in news. I remember when BAA announced Baiyin deal closed Texas immediately told us his flipping completed.
Long-term holders just want to know progress, don't matter the timing. The PR timing is important for flippers to sell at higher price and then the price goes back to the starting point. Why should BAA do that way?
Many here may be confused why BAA today falls although so many great things such as high gold price and great drilling results, especially many may wonder how deep BAA will fall for the coming weeks, but nobody seems think it will go up.
Here I am writing what I think.
The sellers must think the price will go down, otherwise they will not sell. However, the buyers must think the price will go up, otherwise they will not buy. who are smarter? The sellers or the buyers?
Can anybody judge who are smarter and is the price going up or going down?
By considering all of factors, I give my answers below.
1, the sellers may not be sure the price will fall, but some factors force them to sell such as 50% profit-taking, selling in news and panic.
2, the buyers must be sure the price will go up because no any other factors force them to buy.
So, statistically, the price will go up for the coming days or weeks.
3, the sellers eye mainly on the 50% profit and the drilling news released. They think today's price rising is due to news stimulation. So, they sell in news.
4, the buyers eye many things such as increasing gold price, BAA huge potential and the added drilling findings. They may think $0.20 and $0.30 are the same thing for BAA huge upside potential.
So, the sellers are short-sighted and the buyer are far-sighted.
5, based on my observation, today the BAA power forced flippers to sell and it wants to kill the flippers at bottom price. The BAA power knows that the flippers always sell in news, so when the price went up it puts huge volume on ask to repress price. When price went down it continues to lower the ask price with huge volume. That made heavy panic among the flippers who worry the price to go back to below $0.20 and then rush to sell. How can I tell the huge volume on ask is from BAA power, not from sellers? We know that any real big volume seller will directly hit the big volume bid, will not continue lowering ask price with big volume, which will scare buyers away. I think the panic sell-off is almost done and it is time for the BAA power to promote BAA again. If the flippers sold below $0.27 they may need to pay premium to buy back. We may not expect much volume to back up to $0.30, so there may not be enough low price volume for the flippers to buy back.
Now, I see, you are a flea on a dog, it irritates its host all the time.
No, Lib is not one of the shameless flippers, he is a hero. If I have the right to chastise or reward someone I will reward Lib and chastise you twice, not half, due to Lib gets a reward, I must charge somebody for his reward, So chastise you one more time.
Don't you still understand what is the difference between your and Lib's action?
Let me make things clear and then fight me back if you think unfair.
Your flip at $0.21 is a big hurt to BAA because $0.20 is a critical price for our longs' fate. I think any BAA investor don't want BAA de-listed, but you don't care.
Lib's flip around $0.30 is not any hurt to BAA, but is a hurt to himself. So, I call him a hero. Why? Let me tell you! we know $0.30 is far away from $0.20, that means BAA is safe from de-listed now. When BAA is dangerous to be delisted Lib sticks to BAA, but when BAA is safe from delisted Lib is gone. It sounds like a person who works hard for a whole life and then when it is time for him to retire and get pension he suddenly die. If a person only contributes, never thinks return, what a hero!
please someone stick it on headline
I am not good for flip and I never flip when trend is up. I saw good miners jumped 10-100x in less than 1 year often. So, flip is too dangerous when the trend is up.
I have only one, that is BAA. I don't like GSS because its cost too high in Ghana and it is difficult for gold business even gold price above $1500.
With current gold market and BAA fundamental, technical chart may not work well. So, $0.25 may be just a theoretical number based on chart, even $0.27 may never come again.
August seems finished the BAA pump and dump, took profit and gone. Now he is pumping GSS hard. We are lucky BAA did not reach $0.32 today, otherwise our new buyers would contribute more to his two days' visit.
Today BAA power successfully forced the flippers to take profit below $0.30, now it is ready for us to go through $0.30 this week. We are lucky we did not go through $0.30 today, if we went through $0.30, or higher today, the flippers would get more profits and then they will have a bigger chance to buy back at lower price, which will make BAA price gain unsustainable.
Based on supply and demand, we may very easily break $0.30 then towards $0.40 this week.
Supply side: We may not have much supply available after today's 5M shares trade. Today BAA reached its highest around 12pm and the flippers would take profits from then. Although more than 2M shares dumped from 12pm to 4pm the price was almost unchanged. So, it indicates that the buyers think BAA below $0.30 is still a good deal.
Demand side: New comers come to BAA for initial position, shorts wait for covering and flippers wait for buying back.
If BAA power pushes BAA through $0.30 tomorrow, these potential buyers will be panic and then chase BAA towards $0.40 this week.
Do you remember I said if we want sustainable gain we need a controlled price rising
Hi, Dude, how about reposting your that post and see how others understand?
If the BAA power is reading the board, it will not allow BAA up today and it will force flippers to take profit below $0.30 and then continues its promotion.
So, if you are a potential buyer, don't follow pumpers' suit, but follow BAA power's suit.
Don't play trick! your that post means the $0.23 is highest if any
What is this?
I mean the August is the person, not the Month. Let me find your post and then
No, you did not win, but you lost your bet before August. Do you remember your target is $0.23 for this time frame?
If ask me, I will say these big boys are not for short-term gain. They look like to make a sustainable BAA price gain, they want to help BAA stays listed, they want use their power to remove the penny flippers and the pumpers/dumpers, they will not be panic when they see BAA Q4 earnings because they maybe already have their guess of Q4. They are friendly to BAA and BAA long holders and will get along with us until BAA fair value.
If ask me, I will say these big boys are not for short-term gain. They look like to make a sustainable BAA price gain, they want to help BAA stays listed, they want use their power to remove the penny flippers and the pumpers/dumpers, they will not be panic when they see BAA Q4 earnings because they maybe already have their guess of Q4. They are friendly to BAA and BAA long holders and will get along with us until BAA fair value.
I hope you here not play the same pump and dump.
This prediction is meaningless because the technical chart is no more effective. I think BAA market action is already beyond many old BAA holders' imaginary. So, if or when BAA is good for flippers, it should be decided by new comers, not by the old campers. The old campers knew more about BAA past price such as $0.12 or $0.15, so I think they are already busy to sell/flip/short recently and hope buy back at lower price later. However, the new comers may know more about BAA current and future potential such as Baiyin deal, low AISC and increasing production. They may be busy to get funds for BAA. Why $0.35- $0.45 is good for flipping, not Texas' $0.20 or something else? because BAA fair value or because your short-term target? Don't think BAA will follow someone's suit. If it should follow, it will follow the unpredictable, not the smart predictor such as Goldman. It is better to present facts for readers, as for price, just let it go. Or give your target based on factual calculation. BAA was heavily damaged by flippers for many years and we don't hope it happens again.