Technical Analysis...Ready for a move higher....still
There were a couple of good signs lately that imply to me that a partnership will happen soon. There
was a big block of about 170,000 shares traded yesterday and another smaller block of abut 37,000
this morning. Also, we held our own pricewise when we could have be beaten down.
I think we have a top somewhere near July 19th based on my cycle work. So, if those in charge want
to get this deal done, I suggest you hurry it along. Don't think we'll get a new deal done in a heavy down
market. "Best you make hay while the sun is still shining."....Dr. Mills
More details on the BIB. It topped at 105 several weeks ago and closed Friday at 85.09. The 200 DMA
is at 71.52. An equal downside move from there would give us a BIB price of 37.00. (one heck of a move);
And if I decide to hold OSIR and ATHX which I probably will, I will short BIB to hedge the longs. Do
your own TA work and like OZARK says...don't listen to me when you decide to take a position
and lets hope that I'm wrong and that Dr. Mills get the partnership done for cash in the meantime.