BioNeutral Group Inc. (fka BONU)

[Rhodeyum]

Well its been trading sideways for quite a stretch of time now and had a pretty big run with no news fairly recently.

Since then, two more distributors have been signed.

They also posted their best quarter so far last 10q which was after the run on no news.

It has settled at 8 and stops at 15.

The longer it trades sideways at 8 after its run the lower the 50 day moving average becomes when the 50 day moving average meets the share price, and then the share price goes above it - there is a great chance of a run.

Right now the pressure is upward but the skepticism is high putting a lid on upward pressure as people sell into any gains.

To me those are risky sells though because at any time this stock could explode upward rapidly.

I think that market makers/financiers are also participating in it continuing to trade sideways capping its moves upward after news, with tons of obvious trades like 999,999 shares in repeating blocks.