30
Jul

Biomagnetics Diagnostic Corporation (BMGP)

A few weeks ago in my blog, I made a call on Biomagnetics Diagnostic Corporation (BMGP).

Here is what I said:

“I am looking for BMGP to crash and burn in the very near future. This penny stock piece of junk is still on the rise and their is no guessing when it will top off, but be ready to ride it back down.

There are no entry points or exit points with this trade…watch it for signs it is cracking.  Get in…drive it to the ground and move on.”

AND I WAS RIGHT!
BMGP took an immediate dive starting that same day and didn’t stop until it had shed almost 40% of its value….in the matter of only 5 days.
Here is the chart that details my call:
sc3
I have been in penny stock investing for a long time and knew that BMGP (at the present time) was much more “sizzle than steak”.
Maybe these guys will actually deliver on what they are hyping.
Then again…..maybe not!
No play on this one for now….keep it on your radar.  It is going to move on news and hype (because that is all they have).
This one could be volatile moving forward which is what traders want.
Happy Trading,

Jeffrey Dean

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