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Re: $tockfather post# 34990

Monday, 06/11/2012 8:11:57 PM

Monday, June 11, 2012 8:11:57 PM

Post# of 83010
IMHO I dont think there is a bottom for BVSN. The decline of this stock is reminding me like YRCW, it just keeps going and going and going down. I think a short position is in the taking. SELL SHORT!

I took an approach to this stock with 40,80,160 MA's to find a unique pattern and I think I found it:
http://stockcharts.com/h-sc/ui?s=BVSN&p=D&yr=1&mn=0&dy=0&id=p23405702556

Chart readers, and there must have been a lot, must have thought this was way oversold back in Nov 2011 with hopes the company would bounce back financially, but guess what. YRCW antics all over again. Alot of hope, just no truth behind the price of the stock. It went way up, then crashed, and continues to crash. This same pattern is the same as YRCW from June 2011 to Nov 2011 and YRCW continues to fall.

I see BVSN falling below $5 near term.

If you want to see how this compares to YRCW, take a look at June 2011 and compare:
http://stockcharts.com/h-sc/ui?s=YRCW&p=D&yr=2&mn=0&dy=0&id=p02833075077

YRCW flew to the moon, then came crashing like a comet.

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