Biostar Pharmaceuticals, Inc. (BSPM)

[GorillaGorilla]

After the 13% jump on Thursday I was expecting consolidation. I was surprised that it even went up - and on twice normal volume as well.

Looking at the 5 day graph it looks like only 100K got it up 13% and since then it's been treading water.
http://finance.yahoo.com/q/bc?s=BSPM&t=5d&l=on&z=l&q=l&c=

After a big jump there's always lots of people prepared to sell their shares in the hope of buying in lower and riding up. Here's a guy.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_B/threadview?m=tm&bn=88940&tid=7142&mid=7142&tof=1&frt=2

As you can see I know nothing about TA but above average volume and price increasing sounds positive to me. Throw in we know the current sales for the main product are going well and the upgrade we have the fundamentals and a catalyst.

Anything not to like?

rich