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Re: ClayTrader post# 39956

Wednesday, 03/27/2013 12:19:51 AM

Wednesday, March 27, 2013 12:19:51 AM

Post# of 50030
There has been some very nice volume for Biel over the past couple of days/weeks. Any thoughts on the chart?

O/S is in the neighborhood of 2.8B, A/S should be 3B. Recent rise has everyone curious/speculating on what the cause is. Only known event that is related to the stock is FDA Advisory meeting for Shortwave Diathermy Devices (SWD) next week. Biel is seeking OTC clearance for 2 of their SWD devices and the meeting may or may not work in their favor.

REF:
http://www.fda.gov/AdvisoryCommittees/Calendar/ucm329938.htm?source=govdelivery

http://stockcharts.com/h-sc/ui?s=BIEL&p=W&b=5&g=0&id=p35937237943


My posts are solely my opinion unless presented with (or directed to) factual information. All investors are strongly encouraged by myself to do their own due diligence before making an investment decision.

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