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Re: AugustaFriends post# 48438

Monday, 02/22/2016 9:37:10 PM

Monday, February 22, 2016 9:37:10 PM

Post# of 63744
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.

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