BGOI has been on a huge rollercoaster ride over the last 4 months, and now it's back at a level where it may happen again!!
In a span of less than 2 months BGOI rallied up roughly 550%!! Last week it had a big pop and has formed a nice base around the $.01 area.
View the BGOI chart here: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=bgoi&sid=0&o_symb=bgoi&freq=1&time=7
Notice how it has a tendency to rally off this price level. It has happened 3 times in 4 months so the upside risk outweighs the downside risk, but a stop loss should always be used.
BGOI is in the oil sector. The price of oil has gone up $10 in the last month and looks like it's going higher!!
Oil now sits at $81.79 and doesn't seem to have any resistance here.
This is good new for BGOI as they just reported the other day that the Jackson Well production has increased 50%!
Start your research on BGOI fast while it's near the support level. Start at: http://www.bonanzaog.com and always consult with your own financial professional.
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