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mistermagicman

10/03/10 1:03 PM

#19075 RE: Penny Gold Mine #19072

That's what makes BFHJ so special. We are not doubting that chartists are right most of the time, but that's with normal penny stocks that fall short of being amazing. The only reason you can say this is overbought is because it has been green so many days and shot up high from it's low 2 weeks ago. So does that really make it overbought when there's been almost as many sells and buys this whole time. That's called consolidation. And when things consolidate while they go up, no one likes that because that means you can't get cheap shares anymore. So the only way to try and bring this down (which usually doesn't work) is to use the very universal chart analysis saying that if a stock has so many green days, then it has to come down. That's so far from the truth. Just take a look at our float and how many shares we've traded this whole week. I would believe these chartists if we only traded 25 million shares a day each day this week. Not the case at all. Crazy share trading from weak to strong hands going on. They know this, but they leave that little bit out of their overbought scenario.

If they told you our side of the story mixed with theirs, then you would tend to side with us. That is why they are biased and use a ONE SIZE FITS ALL approach.

And these chartists all say that they will be back and apologize if they are wrong. They never come back. Because they were bashing in the first place. They have one objective. Get you to sell at whatever cost it takes. And that messes with their reputation. But greed is more powerful than respect.