Bourque Industries Inc (BORK)

[Flatcat]

Monthly bird's eye view: MACD changed to a positive slope about 7/5, the moving average changed to a positive slope about 7/25. Accumulation/Distribution by Price bottomed out about 7/5 and has a very small "positive" or flat slope. The large block on the ask of 380,000 shares (about $64,000) at .17 concerns me a little but the indicators are good as long as they maintain a positive slope. The indicators are not really confirmed by volume because volume has been in a downtrend since the tsunami on 6/18. Bollinger bands are really tight right now with a shrinking volume so we should get a breakout soon.

So, IMO, confidence remains in place, euphoria has taken a vacation, we haven't lost ground since 6/28.

Short Interest has dropped from 10500 to only 1000. I don't really like this because a large short interest either means a drop is not really not in the near future, or at least people don't really think so, and lack of a large short interest almost always means not a large pop up on news because of a short squeeze.

We are not good but OK for now.