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Funny...BFAR broke out of the downtrend yesterday and there hasn't been the first buy today.
ONTC is up 36% on the day so far. I don't know the reason, but with each buy, the ask is going up. Too bad I bought in way to high a few weeks back and all these gains wont get me back to even!
Hey guys, somethings up with ONTC. It closed up 46% yesterday, closing above its 10dMA. The ask right now is above the 20dma. Also, the MACD line just crossed the signal line.
ONTC closed above its 10 MA on Thursday with a +46.8% gain for the day.
Interesting last hour...
Now 250 at .15
I guess these are MM's playing around.
Now 100 shares at .15
Whats up with the 495 shares sold @.16 this morning?
No wonder.....
Ernie, PM me your email. I can't PM back.
You pumpers need to clear out. I don't know how you tards sleep at night. I bought into this stock after a few press releases and some newletter pumping. I was just looking for a little momentum trading. I has done nothing but tank.
0.0023 Oh yeah, it can go lower
How can we find those "other tickers" that Dror controls? And who is Dror by the way?
I agree. I believe BFAR has to be legit. If it was a fraud, I think the company IR person would answer the phone more often and would try to "sell you" every chance she can get.
I wish I had more cash to add some shares.
Amen to that.
Article dated May 12, 2011 that I stumbled on today.
http://www.pinkinvesting.com/article/view/BioPharm-Asia-Inc.-PINKBFAR-Stock-Soars-On-No-News
**********
These days BioPharm Asia, Inc. (PINK:BFAR) stock is in a constant upward move.
At present, there are no news related to company's development. In a week time, the price of BFAR rose 75%, like in an attempt to leave the technical bottom or more...
Since last Thursday, the price of BFAR is climbing up remaining to investor that almost at the same time last year the stock was worth more than $6. This was share price, taking in consideration the fact, that there was no any capital restructuring at that time.
After months the stock price crossed the line bellow the sacral $1 with no matter what news and financial reports BioPharm Asia, Inc. presented.
Even the sent piles of stock alerts at the beginning of the last month were not able to convince investor to push up shares price, although they presented BFAR as a real deal.
Maybe, accepted as a long term play BFAR continued its weak performance in expectation of some developments, related to the acquisition of Hubei HolleyZhengyuan Pharmaceutical Company Limited (HBHLZY).
At the end of March, BioPharm Asia, Inc. announced its plans to acquire 100% of the outstanding shares of HBHLZY. As released by the company, HBHLZY offers 4580 types of products, from 652 suppliers in China and in particularly in Hubei province.
Other possible reason for the cooled investors' interest towards BFAR during past months is the absence of actual financial information related to the company. Though in its financial statements BFAR reports total assets of more than $95 million and total liabilities of $44 million all these numbers are “real” as of the end of last September.
Yesterday, investor priced BFAR at $0.28 per share although the stock rush.
Though there were no any recent positive announcements related to the company, maybe some investor decided that BFAR is underestimated. The market cap of BFAR was $14 million as of yesterday.
BioPharm Asia, Inc. was incorporated under the laws of the State of Nevada on July 31, 2001. The company is operating in the following operating segments: planting, processing and selling herbs in China; production and sale of herbal and pharmaceutical products (drugs); sale of healthcare products to pharmacy shops and hospitals and retail sale of healthcare products to consumers.
The company is popular with the planting and cultivation of Schisandra trees. Schisandra berries can are used for production of Chinese medicines for a variety of diseases. Schisandra is harvested once a year with the highest production yield beginning three years after initial planting.
BioPharm Asia, Inc. leases from the local government in the People’s Republic of China two farms that are used to plant and cultivate Schisandra.
If you want sophomoric, all you need do is read the last couple week's worth of posts. It was actually sarcastic than anything else.
Breaking news!!!!!
Finanicals have not been released. I repeat, financials have not be released.
Just that ya'll would like the update.
Wait til the financials come out. It won't be very quite then....
Hey Matt,
If you get time, could you post a chart on SO? Its been on a very strong uptrend and now looks to be headed back south. Where do you see re-entry?
Thanks,
CWP
Matt,
You were spot on this, but too bad I chose a different one to sink my $$ into. Its sitting even while this one has doubled and is still climbing. Where do you see resistance?
Yes, happy birthday. I hope you get BFAR financials for your birthday!
Thanks for the heads up on the FDA plays board. I will check out.
BFAR is like an old weed-eater, you yank and yank and nothing happens. Then when you leat expect it, the dadgum thing starts.
I'm just gonna hang on til it fires up. Of course, a weed-eater might not have been the best analogy. I ended up slinging mine into the neighbor's yard a few weeks ago. LOL
Recoup loses...you? Come on man, don't feed me that bull!
Seriously, its no rush.
Hey Epic, could you give a chart on ONTC?
thanks-CP
As Hannibal on the A-team said, "I love it when a plan comes together"
Lot of buys at the ask.
Look at that volume on Friday...talk about a panic!
Braden,
I've been watching IVAN for a few months. Do you foresee it coming down much below $2? The 52 wk low is around $1.46. It is hugging the lower BB pretty well. I don't see any indications that reversal is coming anytime soon. Where do you seen IVAN in 3 or 6 months?
I just don't understand all of this selling.
Didn't expect this outcome today. What happened?
nevermind, I found it. That board puts out a lot of alerts.
who is that?
I think that one of the reasons BFAR did well last week was that on May 9, the 5 SMA crossed over the 20 SMA. A lot of traders use that as a trigger to buy. They made their gains and then sold off.
The 50 SMA is coming down rather quickly. I bet we will see some buying action as the 5 or 20 SMA crosses it in a week or so.
These type actions a fun to see and you can pick up good bank, but the game changer will be when the financials come out (soon I hope)
hmmm. trying to drive the price down, are we?
I checked it out on businessweek.com. It is legit. See if this link works.
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=BFAR:US
That link does not work
I'm not sure we can attribute yesterday's performance entirely on the troublemaker. I think there was quite a few momo players that bought in on Wed. Then on Thursday they all paniced and sold off.
That troublemaker didn't help though!
As a shareholder, I would like to ask to do a few touch and goes in the Challanger.