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My prediction was not meant to reflect what I think the price will do on the day the news is released. It is where I think, if it does go into an up rally, it will top out at 13.00, and in the case of a sell off it will bottom out at.40. No time frame.
I know this ain't over folks but I really doubt that Strathcona has the magic bullet to kill this monster, also Walsh and Company will be vindicated, but that vindication may not be the striking matter that all desire.
Stock price prediction?
Based on what I heard,
Bre-x is going to open over $10, probably hit $15 but only briefly before massive profit taking drives it below $10 again. Low maybe around $7.
Don't count on selling your stock high because the sell orders will overload the TSE again.
But this dip will be brief because in a couple of days, the COW will be signed and Bre-x might get a takeover bid.....
All this is contingent on Strathcona reporting positive results, but the uncertainty regarding the Indos and the lack of faith in the company (once burnt, twice shy) plus traders will probably cash in their profits = will limit the price rise.
Over time, the stock will hopefully recover to the $20 range.
BUT, big BUT, if the results are bad, I don't need to elaborate further.
I am loser for Bre-x and I hope I can recover by getting in NPA. Hope you are right on this one.
Ray wrote: ============================================================ The best way to recover is get in NPA with a speculation target of around $ 100. and they get the marchandise and they are in Canada.
The best alternative for now!!!
I just bought 5,000 share of NPA at $0.82 This morning. Now It is trading around $0.96 .