Replies to post #24557 on American Bio Medica Corp (ABMC)

[ranger_7]

Can we nominate Melissa to leave?

[geocam]

$ABMC I would definitely push for more Covid-19 tests and other infection diagnostics.

https://www.google.com/search?q=covid+19+chart+us

But either way, this is going to blow up again soon. The new Administration is big on testing , testing, testing. And free testing. So money will be needed for these tests. It will come from institutional monies. Which means big orders that the institutional organizations will place for thousands at a time, if not millions.

https://www.nia.nih.gov/news/why-covid-19-testing-key-getting-back-normal#:~:text=Testing%20can%20help%20people%20determine,back%20to%20work%20and%20school.

Why COVID-19 testing is the key to getting back to normal
September 04, 2020
...
Testing can help people determine if they are infected with SARS-CoV-2 – regardless of whether they have symptoms – and whether they are at risk of spreading the infection to others. Taking measures to prevent the spread of infection will be the most effective strategy for getting us safely back to work and school.

$ABMC does not market their Covid-19 diagnostic tests to the general public. They are a backbone supplier.

https://www.streetinsider.com/Accesswire/ABMC+to+Distribute+Co-Diagnostics+Inc.+EUA+Issued+Logix+Smart%28TM%29+Covid-19+Test/17445622.html

ABMC will market the Covid-19 diagnostic test only to clinical laboratories certified under Clinical Laboratory Improvement Amendments (CLIA), and in accordance with the Emergency Use Authorization issued to Co-Diagnostics, Inc. by the U.S. Food and Drug Administration on April 3, 2020.

There's only 21 million shares available for trading. Some people have some big batches still. They can limit upward pressure with big ASK walls. But once volume hits millions it will be all upward churn with consolidating pullbacks.

This chart looks like it is primed for a breakout:




If this breaks through .32, there might be a big push to next level gains at the .40's and above. That's the first 33% step up and with this float their could be another one from .40's to upper .50's.



https://ih.advfn.com/stock-market/USOTC/american-bio-medica-pk-ABMC/chart