dkeller: in a textbook breakout flag/pennant, volume drops off significantly during the consolidation ("mast"). But this is pretty extreme. The volume lately has been INSANELY light even for BOCX. While I'm impressed we're still holding the april breakout as opposed to the typical sharp sell-off after our PR's, my confidence in the breakout is waning. I could see us retracing back to $.80 before another leg up.
But then again what do I know...a week before the ABT announcement I predicted that a licensing deal with a major pharma was imminent and that we would see $10 upon such an announcement. I guess I got it half right...and the other half, well...let me just say I was sporting my duntz cap for quite a while.
DISCLAIMER: NEVER ASSUME INFO ON MESSAGE BOARDS TO BE ACCURATE. ALWAYS DO YOUR OWN DUE DILIGENCE. DON'T BUY STOCK BASED ON THIS POST OR ANY OTHER POST. I OWN A LONG POSITION IN THIS STOCK AND THEREFORE I AM BIASED.