Bioelectronics Corp (BIEL)

[JNdouble1]

When it went from 0007 to 005,
was that the MM's letting it do it's thing, or was that an influx of new money following a steady stream of PR's, a very positive letter from the CEO, and a much hyped Radio interview?

In other words, there were buyers (apparently a lot of them) willing to pay the price being asked. Some of them have already left, others are now among the longs. Longs didn't buy into the spike, they know better. Today's news was baked into that spike you are referring to.

I am long BIEL, and have been for a long time. I simply agree with others that the real action comes with sales figures, or a signed deal with a major company. Even FDA approvals tend to be transitory if they don't produce sales.

If BIEL continues to dole out PR's between now and August we may be able to maintain something close to the current price, otherwise there will likely be more accumulation opportunities. And yes, approvals and deals will move the stock higher.