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BIOLASE, Inc. Message Board

  • archieroo3 archieroo3 May 16, 2013 11:00 AM Flag

    Andrews' Pitchfork

    AP, invented by and named after William Andrews, is a powerful TA tool. I just put one on the zig-zag pattern from 6 to 4.5. It shows 4.90 as the key b/o level for ending this correction. Combine this with the Elliott Wave analysis that looks like a WxY with a small FLAT in position Y just having completed, and I would say the technicals are very bullish indeed. Add to this that the 50 dma (SMA) held, as did RSI 50 support on the daily. Hard not to like BIOL here with all these chart positives.

    Sentiment: Strong Buy

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    • i_gotta_have_more_cowbell i_gotta_have_more_cowbell May 16, 2013 2:05 PM Flag

      Compelling technicals supported by strong fundamentals. Still discounted at these prices, so I think it's a good time to look at technicals for some indication of when the stock might align with the company. looks like short term moving averages are showing signs of reversing the correction, I'd like to see a close above $5. In any case it's just a matter of time before we knock out $5.90, and clear all two year hurdles.

      This is NOT 2011 by any means, 2013 is a year for the record books with the closet emptied by restructuring, and cool new ways to generate revenues for BIOL. Can enough people create a self fulfilling prophecy? Sure, but eventually the numbers win, and in 6-12 months we hit double digits with or without "2011" superstition.

      • 4 Replies to i_gotta_have_more_cowbell
      • Remember Tinkerbell's predictions from May 16th the last time Biolase bumped up over $5 (all be it mid day)?

        "...it's just a matter of time before we knock out $5.90, and clear all two year hurdles."

        "... in 6-12 months we hit double digits"

        To be fair that was ~5 months ago, but still...

        Sentiment: Hold

      • End of day buying yesterday makes me cautiously optimistic that corrective selling on BIOL has likely exhausted itself, creating a compelling entry price for the bulls.

        Check out ZIXI. I have a chunk in an IRA account so I don't day trade it. I got in at 75 cents and failed to sell at $6 a couple of years ago. They had a good earnings report a month ago and a major product release earlier this week. They are breaking out this week on mega-volume. Could run another buck. They do a lot of biz with GOOGLE. I've been waiting several years for somebody to buy them out. Email encryption that is the gold standard in healthcare and elsewhere.

        It feels like 2009 all over again!

        Sentiment: Strong Buy

      • Tinkerbell correctly notes he'd " like to see a close above $5." Today will be another failure of that goal. One wonders why Tinkerbell doesn't ask himself the obvious question, "What does it always seem to fall back from $5?" I'm afraid he has allowed his hopes to interfere with his judgement, because it is obvious to me this is a repeat of 2011. It will be obvious to everyone when freddie comes out 3 months from now and tries to explain another $2.5M quarterly lose with little if any increase in sales. One needs to asks oneself, "Why doesn't freddie want to give quarterly guidance anymore? Perhaps it is because the lawyers have told him he has to be honest and he is afraid to be.

        Sentiment: Sell

      • We will see. Got a bout 1/2 my posion in.

        Sentiment: Sell

 
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