Biocept Inc (BIOCQ)

[THREE-DAY-TRADER]

Yep, $BIOC is getting crushed lately after all the cash raising news & the recent NASDAQ warning news (under 1.00 deficiency). Could be a great buy in the short term at some point once these negatives get priced in. It is crazy, too, how much they've announced more than one stock offering to raise cash, but the first one did not have enough cash to get them enough for a year's worth of cash burn or better, so more to come was possible 7 is why i still just watched it.

$BIOC had very low cash position, so it's why I avoided it, but have been watching it, waiting for eventual news of cash raising to come out before touching it. Whenever these companies, particularly biotechs have less than a year's worth of cash burn, or especially less than 3-6 mos of cash burn left like $BIOC did since December, it is a clear sign for avoidance, and the latest rounds of share offerings make my point very clear on that for latest demonstration.

This cash rule is something I've always told people & posted about to apply when looking for stocks rule this to trade. That low cash position on $BIOC was a 'tell tale sign' staring people in the face in weeks past (for those who know to qualify a stock) that news of cash raising was imminent which would knock down the stock yet.

Following that simple cash rule would've saved anyone from a loss so far of over -50% the last few weeks.