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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 .