I'd say you are certainly stating the obvious, when you just need the reversal to happen.. Just like anyone once they are in a stock, they need it to go up.
I just hope you don't get caught in a down trend that goes much lower while trying to avg down again and again.
FYI--- They're less than 2 weeks (under 10 trading days) before they qualify for the probationary warning under 1.00 bid rule.
30 trading days is what gets you to that. BIOC so far is over 2/3 the way.
If that news hits in 2 weeks for example, it likely will temporarily push down the stock, which is a typical reaction by the market, but often a buying opportunity (as I had posted about here earlier)
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