Oncolytics Biotech Inc. (ONCY)

[wizeman]

Increased buying volume of shares of (ONCY) actually started days before yesterday's announcement. It's clear to me now that before an announcement of any pertinent information we should be looking for increased volume beyond normal day to day. I read "the Streets" blurb on Oncolytics Biotech and they mentioned them as one to watch closely. Normally I wouldn't give them much credit but it seems that yesterday's volume was higher than normal with news that in most cases would draw that kind of attention. I seriously believe that most shares bought in that rally were held for future press releases if I'm reading between the lines correctly. If UK news comes back positive there could be some big players starting to look at this much closer. The one thing that stuck me the most is the Street's mention of FDA approving multiple drugs in quick order under Oncolytics Biotech umbrella. They said that's rare and one to watch closely as well!

My 10K purchase at $1.24 is now safely parked for the next big news which I expect soon. Analysts estimates have now increased from ONCY 52 wk high in the low $2s to the high $3s. That is also another indicator you'll find rare for Bio companies still waiting approval of phases I, II, III unless they truly have a tried and true medicine.

Exciting times ahead if this "ONE DRUG" wonder beats any cancer let alone many strains!