Tuesday, April 20, 2010 12:39:48 PM
and it certainly could be what is causing today's activity. But March 16th could have been THE low, so be careful. We poked through some important moving averages today...
On the other hand, today's action could be because BEHL is an attractive investment as the business of algae in general is growing (PUN?), and BEHL has implemented some fundamental changes to move the company forward.
There is a lot of talk about revenue etc., but the stock market is FULL of POTENTIAL investments that people are buying. Yes, revenue counts, but the trick is to get in BEFORE everybody realizes the full potential.
In 2007 YouTube's revenues were "not material". This was a year AFTER it was bought by Google. I'm not saying that BEHL is YouTube (I wish!), but you have to look at the bigger picture sometimes.
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