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Oncolytics Biotech Inc. Message Board

  • drstoks drstoks Jun 24, 2011 1:31 AM Flag

    stock price

    just looking at the chart, stock is oversold and should find support here for a few reasons, however, if either amsterdam is a non-event, or stock drops below support here (and it looks like a 50-50 chance that amsterdam will be a non-event) then there is imo a chance that this could drop another dollar further to long term trendline support at around 4.00 canadian...

    even the most promising stocks often drop quite a bit before the light up to test the true believers. this doesn't mean that the drop is a prelude to a rocket ride, just that i have seen it happen many many times and i wouldn't be surprised at a plunge below $5.00.

    not sayin it will happen. just sayin

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ONCY
0.515-0.005(-0.96%)3:40 PMEST

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