Biostar Pharmaceuticals, Inc. (BSPM)

[finesand]

Nice Pre-Official Reaction Today

Meaning stock moved either on a low float P&D or reflecting our DD regarding the production & sales artifacts.

We believe 8dema around $2.40 will hold on a slide until official news, which can be hard to time.

If this was just a premature low-float P&D it surely will come back, maybe even to $2.20'ish - if holders don't believe the DD or are still scared about the late 10-K.

We are not scared, however - we surely also traded the top above $3.
01 hinted to the January '18 trade before the GMP license PR and even thereafter, coming all the way back down before rising again. Surely today also acted on lower volume.

No real crystal-ball here, but we believe when company releases the production & sales news it will properly recover back to its refundable asset value at least. This especially if 1Q18 or 10-K (whichever comes first - hint) demonstrates stability.

Notice previous post regarding growth and revenue numbers while producing.

Good luck, this stock is heavily volatile.