Monday, May 17, 2010 5:38:26 PM
"Financing of a company is directly related to its share price."
Is BEHL actively selling stock for funds at this time?
Based on what I've read on this board, the traders that trade on technicals (charts), would say that once .008 resistance broke, we could see a fall. The volumes seem so low to me at these prices, indicating there is not a whole lot of interest in BEHL from NEW investors. This seems reasonable to me, this is a very high risk startup with very little tangibles.
Now, as I've indicated before, I'm high on BEHL as a Pink Sheet in that it seems to be a real company, and they seem to have a plan. Now, whether that plan can comes to fruition, that's a whole other story, but once this becomes low risk, it's no longer a penny stock, so, obviously, if you bought BEHL you were taking a chance, or playing the charts.
With this steady decline, I'm wondering if I should average down on this, and if so, what point do I commit more to this. Tough call, because this does have high degree chance of failure, but love the space and if things start to roll?? Always that IF.
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