|From: TeflonScratcher (Rep: 0)||Date: 01/20/2010 13:04|
|Forum: DAY TRADERS WELCOME - Msg #380 - List BIEL.PK msgs ||Thread #672887228 (Rec: 0) |
|Heads up on BIEL.PK|
There is a set pattern with this stock. The moving avg used to trend lower as the company used shares to pay services and employees thus causing slight dilution and putting shares out to be sold caused this trend lower. Now the company makes money on infomercials in South America and is partnered with another company to expand promotions of the product just hitting Asia now.
It went from .08-.16, .06-.12
.05-.10, .04-.08, .035-.65 and now reached it's recent moving avg low of .251 which is where the longs set as the lows and I called myself months ago as the ultimate low for this stock.
Just today it bounced back off the low abover .03 signalling a candlestick that shows an upward trend to come especially if it holds up above the lows. This means you can make an easy 100% gain as the pattern suggests we should see .05 again in the next 2 days or more.
My opinion is this time the moving avg should be trending up instead of down because the company has cash now and cash income so it is not selling shares for services anymore plus it just reclassified it's application to the fda to make things go through easier and faster and this will make it break out of the trend when it hits it's moving avg highs this time around.
Expect this to be as low as it goes for this stock which has great return possibilities for holders or a quick 100% gain for those who play pattern and trends of stocks. Either way by missing the bottom people already lost 5-15% gains for a single hour somethign that will take 2 years interest to gain on bond and 3 years on cds.
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