BioMimetic Therapeutics, Inc. (BMTI)

[fredman]

BMTI BUY CONFIRMED!

BIOMIMETIC THERAPEUTICS INC

Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 04.26.2011 (23) days ago, when the stock price was 13.9700. Since then BMTI has fallen -43.09% .

BUY-IF is confirmed by a white candlestick with a higher open. The buying price is today's open ( 7.7400 ) according to the Rules of Confirmation.

Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a BUY-IF confirmation but today it is. The market opened with a gap up and the day’s activity resulted in a close higher than the open. This is a valid confirmation criterion. The market is now ready for a bullish move.

We hope that you bought this stock . You should watch the upward gap in the opening, wait a bit, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.

If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.

The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any.

Source: http://americanbulls.com/StockPage.asp?CompanyTicker=BMTI&MarketTicker=NASD&TYP=S