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Replies to #168973 on Monk's Den
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wolverine02

03/15/10 12:34 AM

#168978 RE: phrantic #168973

Gaps that need filling usually fill within days not months. Also BGP had many rumors of Bankruptcy that have subsided. I'm not saying bet the farm on it but I think BGP surprises many in 2010. Now that the stock market has found a happy place Multi baggers will be few and far between and I believe BGP may be one of them. I have three local Border's locations to me all within 5 miles believe it or not, I have been to each store numorous times and have had to wait in line to make my purchases.2-3 tellers each time tells me their selling books. Also their inventory has Grown telling me sales are fine. No more empty bookshelves. BGP has not closed a location in some time, also an indicator that recovery has started.


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wolverine02

03/15/10 12:40 AM

#168980 RE: phrantic #168973

Just wanted to add one thing. A light volume pullback or dip is usually healthy. A stock that has been shit all over and is recovering doesnt dip or pullback heavily until buyers start to fade and recent chart movement is Bullish. It may be late in the run but I dont think its over and if your Long here I believe $2 is cheap going into 2011. AIMO