Xenetic Biosciences Inc (XBIO)

[jamesnames]

A few positives are that this has traded over 6 about 80 percent of the time this week. It was making a huge move Tuesday but got slowed down by numerous trading halts. Also, four days in a row of higher lows. And finally, the last three hours of trading today was essentially no trading. Those who bought the spikes mostly bailed if they were inclined to do so, and today a number of runners pulled back when the Dow reversed and went negative.

It could go to under 4 or over 8....no clue. There is hope for longs as it seems the buying comes fast and hard out of nowhere. So, it can be negative, or real quiet, and then the machines are turned loose.

If you own shares at 4.80, you still have a chance at a double. Without that trading halt at 8 and change Tuesday, it was likely going over 10. The people who run the machines are probably plotting a way to make the big move so as not to result in a halt. They probably want to unload at over 10.