Saturday, April 10, 2010 4:24:15 PM
I personally executed my largest single purchase Friday. Im kind of private when it comes to how much I bought. But my thought process is this.
We were in the .008 range and have really solidified a tight range here around .0095 - .0102. Yet at the same time there are too many upside accomplishments on the horizon.
I pulled out of a mutual fund that was recovering quite nicely and put all those funds into Behl on Friday morning. I did this because I feel the overall market is up quite well. So I like to take some from the top end and put that money somewhere at the low end. Behl's price in my opinion is more toward the low end. Of course I could be totally wrong but sometimes my gut gives me good direction. I Had a large limit order in at .0101 picked em up at .01
I really think alot of us on this board feel the way I do. That you better grab em here while you can. Friday's tend to be pay days and more cash changes hands Friday's than any other day of the week.
I also believe that the 40 to 50 million shares traded back in the .008 range for a few weeks before the Dr. Goodall announcement may be the reason for the sells. The flippers may see that the .01 base is pretty firm and are hoping for a pullback. Therefore, using their mindset buying at .008 ish and selling at .01 ish is a pretty good flipper return.
All IMO
Behl Gates
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