Lexaria Bioscience Corp (LEXX)

[corky2]

It looks like the stock price will continue to languish until we get some more news. Ted Ohashi is banging the drums louder than I've ever seen him. Very meaningful news could come at any time. While I don't think market gyrations will influence the price much for quite a while yet, it's interesting to try to figure out where the market could be heading near term and somewhat beyond. With support holding very nicely at the SPX zone around 2615 last week, it now appears likely that it will move up into the 2715-2730 zone soon. Any move under 2640 will violate that scenario. The second half of the year (where the hell has the time flown to) should have a nice upward bias.