Bioelectronics Corp (BIEL)

[tantalos60]

Hi fuente!
I believe you are most certainly correct. I believe it was an EOD trade that, by definition, printed after hours. As to who made that trade? Who knows? (that is for an earlier poster who "knew"). There are no names on that or any other trade. It could have been me....
Since I use my posts sparingly, I would like to make a few comments pertaining to the technical side of BIEL. If I might.
There were earlier posts today that questioned why there was not a drop in pps with the 14 million shares sold by holders.
I have been asking that question for a month. REM: "The mms have been very kind."
I have not been keeping up with the mm short interest, but IMO, they correct daily. This leads me to consider motives outside mere covering.
OK, here is my opinion....there are mms who are accumulating. Same as us. Market Makers associated with BIEL would be given a 30 day "heads up" to significant aspects pertaining to the market they are representing. That could be one.
Now I don't subscribe to blowing sunshine up any traders backside....anyone who tracks an issue technically would have been surprised with the recent pps of BIEL. Looking at the last three months from the daily to the weekly to the monthly chart would question it. It tracks very well.
Prior to last Friday BIEL was locked into a .005 close. that also happened to be the pivot point. We also had slid under the 200 day moving average. All good. When I see something like this in the pinks I wonder why. The recent charting of BIEL just fails to make sense...It seems too nice. Now, I usually look for a two candle confirmation (in pinks) before I re-buy. I look forward to the open tomorrow. My reservations are still in place, that BIEL seems orchestrated (painted). I still hold and will continue too until I feel the need to sell.
We have broken out of a consolidation base and will move higher. The next task for BIEL is to close above .007. That is our next significant resistance. After this, we will test old resistance levels that may no longer apply. Peace. Jeff.