A fractal is generally “a rough or fragmented geometric shape that can be subdivided in parts, each of which is (at least approximately) a reduced-size copy of the whole,” a property called self-similarity. The term was coined by Benoît Mandelbrot in 1975 and was derived from the Latin fractus meaning “broken” or “fractured”…..From Wikipedia
Fractals are observed throughout nature and even in the stock market.
In THIS POST I showed the similarity of the daily and weekly charts in BQI. I also observed a similar pattern from a stock in early Septemter. The stock has since soared. I am not suggesting that BQI can continue at the pace of the mystery stock, but the charts are quite similar and that short position in BQI cannot be feeling too good right now. BTW, I understand that the shorts are betting against the outcome of a soon to be released report about the amount of oil they may or may not have, if the report is negative the stock could get slammed so if you are holding for a longer term investment I would suggest you check the date for that report and maybe hedge your position with a put option.
Notice the similarities between “BQI BEFORE” and “MYSTREY STOCK BEFORE”
The first three people who correctly guess the name of the mystery stock will be sent a copy of this book (there is a chapter in it written by me).
POST YOUR GUESSES IN THE COMMENTS UNDER THIS POST ONLY. CONTEST ENDS WHEN I RECEIVE 3 CORRECT GUESSES. IF YOU EMAIL ME FOR HINTS YOU WILL BE DISQUALIFIED.
**Uptate** I have received one response from “Dave” and it is correct. I will not publish the correct guesses until I have received 3 correct guesses, otherwise people will quickly figure it out by looking at the other entries.