I am not much of a chart (technical) believer in stocks other than cup and handle and oversold/overbought. We do not have a cup and handle here, but I just mentioned that because it is the only real formation in charts that seems to be almost 95 percent true.
However, this was way overbought in late June (due to Texas Right to Try laws) and then way oversold because of that warning letter, which is when I loaded up just like others. It seems to me that is how you make money, weak hands get out and strong hands get in. Volume charts are great for telling me this. But now is the time to forget the charts and concentrate on fundamentals. Which of course means patience and waiting for good news. What news would have to happen to make everyone want to get in?
IMO I feel that the FDA and USRM will come to some kind of compromise or agreement and this will go up. The unfortunate (or perhaps fortunate) is when I search stem cells USRM doesn't come up that much.
However it is in a new infancy stage (even though it's been around since 1999) and can grow huge. We need more publicity out there (good, of course). Will that list of FDA warnings in all those publications attract more investors on the sidelines? How many investors saw those reports and thought wow, huge money if this turns-around and are watching this carefully ready to jump in at any given moment.
I try to do searches as if I did not know anything about USRM and search for a stem cell company to invest in. About 10 come up on the NASDAQ and a few come up on the Mirco-Cap stocks. USRM doesn't show up on these lists. This is not exactly a bad thing, it just means we are at bargain prices right now. I know we were once over 50 dollars a share 3 years ago. Those investors who lost their money then may also have close eyes on this. It also goes to show how fast this could jump up. Bottom line forget the charts right now and wait patiently for good news. How soon, I do not know, but please post any good and recent news that you find!
Go USRM $$$$$$$$
