Bioelectronics Corp (BIEL)

[jimelee]

Agree, history repeats on this stock. When the new faces show up to bash, the short is on. Shorts must cover and sellers must buy back in or miss the train. 200 million shares were sold to drop the price, many must be bought back. Nowhere near that volume since the drop so no cover yet. I expect a Monday or Tuesday attempt to buy back in. Watch for heightened bashing as they try to cover.

If everyone buys on Monday, shorty will have to cover at a much higher price. Monday can be a shorts burning party. I've been in a few stocks when that happened and it was glorious. The price spiked and shorty lost bigtime.

Let them consider that over the weekend and have pleasant dreams.

$BIEL is extremely likely to go past .01 within a year so no matter what price I pay it's a good bet even if it takes longer. Short term chart looks good for a price increase plus we have the recent news of continued growth.

I'm adding more shares to the lockbox.