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Friday, November 30, 2007 6:12:57 PM
When I first started investing in pennies I focused more on companies that told a 'good story' but now I base my decisions first on technical analysis and then move-out from there. You can't argue with technical indicators and BUNM is intriguing because the potential upside is dramatic and human nature mix never changes.
Greed and fear always come to fuel the market and it gives longs, momentum traders or 'flippers' their day in the sun. Our PPS trigger good or bad may be the state of economy, trends in society or something that falls far outside the scope of official PR A similar property or lesser may sell for far beyond our wildest dreams and we could see a real benefit.
There is a market for BUNM and that is undeniable and to some at these levels .0001-.0003 disappointing'--some of us may someday dream of .02 but all things being equal--none of this means that the market value is actually ever right. Like a false wall, all is not what it appears to be. Several factors, parties and events are keeping us down at current levels but it's but a day in the life of BUNM
It always intrigues me to think of the historical example called (Microsoft) that was valued by the market at .86 cents a share in the mid-to late 80s. The company was truly in relative infancy and on the cusp of a technological revolution but the masses overlooked it. They were priming a structure on which to build and it wasn't going to be overnight.
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