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Re: Beestop post# 2045

Monday, 12/28/2009 7:23:05 PM

Monday, December 28, 2009 7:23:05 PM

Post# of 15766
I know nothing about this stock (except that it is much like many other small biotechs, loosing huge amounts of money on R&D for years), or what is going on here today, except that the share volume is off the charts, and the stock is already way up with all that volume. Last couple of times I saw this kind of action on a non-major biotech it kept climbing, one went to $20, others up only 300 to 400%, but the up side on this one looks huge still, at .40, based on the volume, and markets in general. If I had to guess, I would figure there was serious institutional buying hiding in this move today. Only question is why, is distribution dumping shares, or getting it ready to sell new shares, and needs the price up first, and or is there real news leaked out that others have moved on, or is just people hungry to buy a biotech winner who's chart just spiked the right way at the right time. I am real tempted to buy some for a short term trade here just on the technicals and huge upside potential.