new SCBLOG on BOCX:
6/13/2005
BioCurex rising?
Filed under: General— Editor @ 7:44 am
Pink Sheet listings aren’t conducive to rationale trade. I have had lots of emails assailing Biocurex for not getting off the Pinks and on to a legit exchange. In discussions, that is very much on the companies mind and it is working to that end. Nobody wants to stay on the Pinks.
As we postulated, once the stock broke the .618 support area convincingly, a whole new wave of selling came into the stock. However, we noticed that once the stock broke $1.00, it was heavily supported. This wash and rinse move it made by breaking down hard and snapping back on good volume suggests it will take quite a bit of negative momentum to go lower from here. I like the risk reward ratio at current levels. It will likely remain volatile for all the reasons previously noted.
I’ll continue to follow BOCX, as the potential, IMHO, remains amazing in the long term.
Trade Safely.
DISCLAIMER: NEVER ASSUME INFO ON MESSAGE BOARDS TO BE ACCURATE. ALWAYS DO YOUR OWN DUE DILIGENCE. DON'T BUY STOCK BASED ON THIS POST OR ANY OTHER POST. I OWN A LONG POSITION IN THIS STOCK AND THEREFORE I AM BIASED.
