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Author: MarkHiatt Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 7437  
Subject: Re: Another Question Date: 10/8/2002 7:55 AM
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And in all of that, I forgot to mention that for each seller at eighty cents, happy with his gain, there was a buyer, thinking BNBN was locked into a happy fourth quarter.

If yesterday's trade burned-off the sellers, and Doc can talk more about "Over Bought" and "Over Sold" conditions, then today the price will move higher because most of the folks in the market holding BNBN are in a prices of eighty and above--and they're not likely to sell for less than that, today. Offer them ninety cents or a buck and you may convince a few--maybe even quite a few--to sell.

At some point ($1 will be big, but maybe $2 or $3 or $5 or more), the people who are buying do so in the knowledge that the easy money is behind BNBN. It's much more likely to get from fifty cents to a dollar than it is from one dollar to two, or from two dollars to four, or from three dollars to six. So you'll find people willing to settle for two or three cents on larger trades, a nickel or so on smaller trades and maybe even losses if they think they can do better elsewhere. That's the top and the market for BNBN turns, again.

I think it's healthy, and necessary. Gardeners know the value of pruning and weeding. We see seasonal changes, we see Biblical passages: A time to reap, a time to sow. It's a big wheel, expansion, recession. Boom, bust. Buyers, sellers. Fear, greed. You gotta love it.
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