Sunday, December 04, 2022 6:34:13 PM
Do you remember Citibank C in 2008-9, after the horrendous crash? C did a RS and it was a successful one. BOMO is not C, the difference is C had Dady government to help it out. I hope I'm wrong and you guys do well but I doubt it but its just me. I'm here just as a watcher if things go the way I expect I will jump in for a Dead cut bounce otherwise if there are good news before RS then congratulations, IF on the other hand good news come after RS I will jump in for the bounce. The scenario i expect is RS, no news and the stocks tank for several days, maybe weeks, and frustrated shareholders never trade again BOMO. Maybe later on a bounce could happen until the equivalent of todays 0001-2 level . The reason It wont go upper is because all the shrs bought at 0001 -2 will be sold at the same level just to get even. You could say support becomes Resistance.
Recent BOMO News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 04/17/2025 06:40:38 PM
