From a chartist point of view,
As of today's action, Friday the 13th, 2012, the recent pullback on BBDA, has been broken. Expect more gains in the next two to three plus weeks to come.
If you haven't loaded up by now, I suggest you should.
I could care less about Mr. Weber and whether he is doing this or that. I am here to make a profit.
Charts don't lie...only people do. Screw the people. Screw the press releases. Read the charts.
As of this week's end, 7.13.12 things still look great, even after this pullback.
WEEKLY CHARTS
Volume ... check.
Slow stochastic ... check.
DMI ... check.
Momemtum ... check.
etc ... etc.
(PS. to those bashing the stock: four days does not make a downtrend...especially after a large upswing.)
If you are a daily trader and you got out four days ago... you made your money... at least you should have.
Why bash a stock?
Did it kill your mother? Did it slight your sister? Did you lose money from it before?
From a chartist point of view ... shut up already. Go home with your losses and quit whining about it.
Or learn from your mistakes and try it again until you get it right.
We are all here to MAKE MONEY ... am I right? Whether you are a bull or a bear.
When the SAR flips negative, of course the price of a stock is going to go down.
Stocks breathe.
Class...please raise your hand if you have ever seen a stock do nothing but go up on a tick by tick basis. Whether it be on a DAILY, WEEKLY or MINUTE chart.
Case closed.
Downtrends = lower lows & lower highs
Uptrends = higher highs & higher lows
Currently BBDA is in an UPTREND...not a downtrend.
We are in the beginning stages of a much larger move to the upside...based on my years of experience.
How far it will take us, I cannot say, truthfully?
My prediction is .01 for right now based on fibonacci retracements...which happened to be the high of the month of 7/11. How appropriate considering this is a beverage that is...or should be sold in most convenience stores..or touted to be so...I have yet to see it even though I know it does exist.
BBDA? SCAM or NO SCAM? ... I can't say ... and I don't care ... I am here to make money ... and waiting for when it says to get out. It hasn't said that just yet... but it will...it always does.
Can it go higher than .01?
Of course it could. Will it? Who knows...will it hit .01? probably ...
Being a chartist means you are giving every trade a percentage chance of making a profit.
I bet on high percentage chances. Who wouldn't?
I give this BBDA a high percentage of going up based on my weekly indicators.
By the way...
Kudos to those 40.7 million shares picked up this morning at 9:50 am this morning. Whoever you are? Based on my prediction you should earn yourself a nice minimum profit of $400,000 very shortly.
For those of you who would like more insight, contact me at my email which happens to be my full name at hotmail.
This ride isn't over just yet.
George W Rasmussen
