China BioPharma Corp (fka CHBO)

[clearcoated]

There's no need to pump or taunt. We've all been doing fine without it. Anyone who has tried to buy since about Feb. 18th knows the difficulty. Personally I'd like to see a nice gradual rounded bottom. Gradual rounded bottom...this is something we've never seen in the history of CHBO. It's ALWAYS been downtrending. It's never been able to break the downtrend. We've never stayed above the 50 MA for more than a brief spike of a few days. We've never had 4 green weeks in a row. 7 of the last 9 weeks have been green. We've broken the short term downtrend that started last June with 3 weekly closes above that down line. We still have the historical downtrend line that hits around .08 pps.

Still, there is major concern about raising cash. Wang is personally wealthy enough. Google Peter Wang and Sinoquest Management Ltd. and you'll see he is still doing deals. He has a lot going on which is worrisome too because I'd like 100% focus on us.

I'm looking forward to finding out how Q1 was. Past 3 years they've issued this 10 Q within first 2 weeks of May. I think this recent price action since Feb 18th has been people averaging down. Averaging down = strong hands. Last year there was huge volume between .01 and .015 (now .10 - .15) then they announced r/s which happened at .005 (now .05) As of now it looks like the biggest resistance is the consolidation .10 I hope it's a gradual incline to there. I'm in no rush and don't want the daytrade pumpers jumping on board. Daytrade pumpers = weak hands.

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