Bergamo Acquisition Corp. (BGMO)

[flying dutchman]

picked up a nice post on yahoo forum....

I don't buy into these low resistant areas theory. Yes, charts say that may be the case, but given the fact that 2 million shares were traded on very good news and we are still at extremely oversold levels tells me that some outside force is still controlling the price. Like I said, who in their right mind would sell 2 million shares at such oversold conditions when they obveously know they can make a whole lot more money next week on the multiple pr's to come by HH. This is a classic case of NAKED SHORT SELLING that causes a stock to be ARTIFICIALLY lower than it should be. To me, bgmo should have shot up to over .60 on this latest pr. and make a run at the $1.19 area on Monday. Bgmo is still way oversold at .34. I hope this will self correct on Monday morning.

Although, when I last checked the ask price is now at .45 and the bid price is at .34, so it appears that we should move higher early on Monday morning. If we can over run the naked short sellers, then we have the potential for a massive price spike up by the end of next week. I sure would like to see it just blow thru the $1.19 like it wasn't even there, but my gut is saying no. Naked short selling can be very detramental to a stock. My gut tells me that we will again temporarily stall out at the $1-$1.20 area or at least do a studded step there.

I hope bgmo can achieve getting back above a $1 BEFORE Mr. Herzog gets any Main Stream Media coverage (MSM). Once HH gets MSM and the price is at $1 or higher, then we will be off to the races. This would be the point where it could get breath taking on the up side! I can't tell you how important it is for bgmo to get MSM. We need NEW buyers to come into the mkt. and MSM will be the catylist that will get this done. MSM will cause the SLING SHOT affect I was talking about and the stretched rubber band (DOWN) that we are now in will get released and shoot in the the opposite direction (UP).

My little umbrella's and popcorn are at the ready for the upcoming show next week!!!

Cheers from the old feyermister!!!


Sentiment : Strong Buy