BGBR Update – Marketing or Stock Guru?

I wrote a post about BGBR some days ago (read the post here). BGBR was a stock pick from the site DayTradingRobot. The day the trade was called BGBR was priced at 1.23, and in the email from DayTradingRobot, we were promised that if BGBR did not triple in price over the next four weeks, the guy sending the email would retire as a stock picker. Now there is still 16 days to go, but it sure doesn’t look too good. BGBR is currently at 1.18 and was down below 1 a couple of days ago. The day it closed around 1, I got another email from this stock promoters. This is some funny s…

Just a quick update on my recent pick…
I believe, this week BGBR has found a support level around the $1.00 level.
Yesterday BGBR closed at $1.05(Up 5% for the day.)Right now, BGBR is considerably cheaper than it has been in the past.
And has shown a lot of resilience to dropping below this $1.00 level.(Each time BGBR has dropped below $1.00 has usually only been for just a few hours prior
to a strong upwards bounce.)And with other stock pickers continuing to draw attention to this little known company… I believe now is still a great
time to start researching Big Bear Mining (BGBR).
In general… When a stock has a resilient support level, this can be a good sign for a low downside risk trade. If the stock drops below the support level, it will often bounce even higher. And when you take care of the downside, the upside takes care of itself.

Best Regards,
Michael Cohen

In the world of trading, people are always very skilled in explaining why the trade didn’t work out as expected. Now Michael is not saying that the trade didn’t work. But seriously, this email must be a last desperate attempt to attract some buyers, so Michael doesn’t need to retire as a stock picker.

Yesterday BGBR closed at $1.05(Up 5% for the day.)
That might be, but in total the trade is down a lot more since you recommended this as the holy grail.

Right now, BGBR is considerably cheaper than it has been in the past.
Another way of saying that this stock pick wasn’t so good after all?

If the stock drops below the support level, it will often bounce even higher.
What? This is something I have never heard about before! If a support level is broken, it typically means it will fall even more.

I will wait another 16 days to give my final conclusion on this one, but I (even though I am a beginner in this game) would surely not recommend this for a long trade.