82BRZG-logo.pngSome traders love it, some hate it, it is a great friend of the risk-addicted investors. It is also a main feature of the Brazil Gold Corp. (OTC:BRZG) stock. In fact, it is a main feature of most companies on OTC market.
Timing it right – this is what matters for people dealing with Brazil Gold shares. Despite all projections about dream revenues, thus profits for stockholders, it should be clear by now that sustainable development is still a thing of the future, if at all possible, for Brazil Gold. So, investors should focus on what they have at hand and try to make the most of it. BRZG-23.02.11.png
For those of you who have still not guessed – it is high volatility that is a main feature for this company’s stock. It has its reasons, of course, the prime being the promotions coming out every few weeks. Well, at least some people managed to finally make some money out of it. The end of January is a good example. After the promotional activity, the price jumped 300% in just a few days, as the volumes traded exceeded one, two or even three million on some days.
Naturally, when the promotions were over, the excitement was over, and a sharp decline began. And just as the stock was heading for its usual levels, the second wave came. Shooting with “do you want more money” promotions set traders on fire again. And here we are today, having no new promotions at hand, so you can imagine how the price is moving. I will give you a hint – yesterday the session closed at $0.31 and shareholders can only hope that a new promotion is coming soon. [BANNER]
This is why timing is important. Because there are some smart people who did triple their investment over a weekend. They did not care about the bridge financing arrangement and the $5 million, nor the latest developments, nor the letter of intent for the project in Brazil, and neither the new senior executive that joined the board of the company. The only question that people asked themselves was – how much would this one last? The proper answer led to proper cash in hand.
So, if you are one of the people who love volatility and take advantage of it, maybe it is time to buy now. Well, as already mentioned, you should also be a bit of a risk addict, since you might have to rely much on another promotion, and the only way to be sure it is coming is to pay for it yourself.