Loading ...Karl ans Steins1, thank you for telling the Tent about Brixton
I first learnt about Brixton from the Tent back in July 2019.
Eight cents was the lowest I ever bought my last lot of BBBXF on 3/17/20, 3/23/20 and 3/31/20
Great rewards of dollar cost averaging down, so far!
What’s on the cards (charts, LOL) for Brixton?
Thanks,
GL
I don’t think I get credit. I don’t think I told anyone this year.
In 2016 I learned about it on my own and bought it. I suggested it to 1 or 2 services I was subscribing to. One happened to recommend it afterwards, I am almost certain independently. I don’t own much now but wish I owned more. It will oscillate wildly in price as the silver and gold prices go up and down and enthusiasm for non producers changes.
But I’ll still give my learned friends here on this forum all the credit 🙂 The GoldTent post I shared above was in September 2019. Now that you’re not taking credit, it’ll force me to think where I first learned about BBBXF. Nah, that’s too hard!
See, a 3-4 bagger in a 12-month period might not be a big deal for many other Tenters, but I’m loving it!
Already took my first long term profits in it via two sells on 8/7/20.
May sell more if it goes above the recent high of 0.419
GL
You made the mistake of asking. The answer depends a lot on your finances. This stock has recently received lots of publicity in our little world via Sprott. It has some potentially wonderful properties and could go stratospheric in a good Ag or Au market, either one. It could go far down in price if the Ag or Au prices go down. It is high risk either way. I personally like it as a gamble but don’t own much.
What’s on the charts? I am a total amateur, but I will comment since you did ask, after a fashion. I use bigcharts.marketwatch.com because the price (=0) is right. I would prefer a data feed that I could put into my own spreadsheets so I could chart myself.
I like to look differently at different with different time frames and so forth. I will go to Advanced Charts on bigcharts.com. This time I will enter CA:BBB monthly, 5 years, and nothing down below. I see a lovely curve convex downwards and then it jumps up. It has come down from the peak of the jump. Nice.
Then I’ll enter some indicators below. I’ll enter 9 SMA (I often use different times than 9, sometimes EMA–depends on my mood mainly–most inputs are w/o any good rationale–so I could easily use a 5EMA on whim.) Down below I enter Bollinger Bands, which I rely on, then Slow Stochastic, MACD, and OBV, all of which may not be the best, but which I have gotten used to. OBV-> accumulating, good. MACD – above the line, good momentum. Slow stochastic – the way that blue line is touching the slower brown one makes it look as though it might bounce up in the context of the OBV and MACD — also good. Up above — price above the Bollinger Bands means it may be too high too fast, but at least it is off its peak — means watch.
Change to weekly from monthly. Up above I see the B. Bands fan out. The stock price has shot up seemingly too fast too high above the BBand fan — it happens, this price being above the fan, and can go higher w/o ever coming down, but caution is warranted. The OBV and MACD are nice enough. I suppose someone will tell me that blue MACD line is too high but I will take it. What I really like is that slow stochastic. When it keeps trending upwards like that it is definitely a good sign.
Now I’ll go for 3 months time frame and look at daily, again w/ the settings below the same. I’m being arbitrary. Sometimes I’ll look at the weeklies at 1 year time frame, or 2 year or 6 months. Sometimes I’ll set moving averages at 5ema. I play around. But now I will move to 3 month time frame and dailies. Unless I’m using no indicators at all, I use Bollinger bands, Slow Stoch, MACD, and OBV. OBV and MACD are fine. Slow Stoch — I am not a chart person and don’t really know how to use it –never read about it– seems ok here but I don’t know — I guess it might be about to turn up so maybe ok. The big item is the chart up top. The way the Bollinger Bands have fanned out is worth keeping in mind since eventually things can deteriorate or things can get much much better once the BBands have fanned out. What is noteworthy is that the prices have been way way too high above the BB’s and have backed down to above the 3 moving averages high in the fanning Bollinger Bands. I personally would prefer the prices to be a bit lower, and perhaps for the moving averages to be more pinched together before buying, but there’s no reason the prices can’t shoot up. Smarter people than I do well with prices below moving averages, but it is reassuring for a trend player like me to have prices above moving averages. (I am trying to start to learn how to buy when things are below moving averages but I haven’t started really learning.)
Sum: If I had reason to buy BBB because of cash burning holes in my pocket and compelling fundamentals of BBB above any other stocks, I would buy right now, but I’d hope for it to come back down 1st. If I were looking for something to buy I might look for something else with a chart pattern that looked more in the cheap-yet-potentially-explosive category. I often go through dozens of charts in a week looking for things to sell or buy.
That’s how I look at it off the top of my head on the input on the chart I was in the mood to use at the moment. I never read much on how to use these Slow Stochastic MACD OBV things or in fact did much reading more than a skim of a couple of basic chart books, so don’t go by me. And, again, I vary some my input of these charts arbitrarily.
You made the mistake of — sort of– asking the how it charts so that is my totally amateurish opinion.
Thanks for the detailed explanation, Karl.
You certainly more about technical indicators than me.
GL
Did you miss this post on Brexton??
https://goldtadise.com/?p=472410#comments
Thanks GL, but like Karl, I don’t remember the recommendation what’s more yesterday! 🙂
But Rambus had the chart up I think last week.
I’ll go back and look but I think he was positive on it.
OMG! It was April 2nd!
But he did have a very comprehensive post with several charts.
But, you have to pay to play….. 🙂