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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: Iquit 10-13-87 who wrote (1807)10/6/1997 6:10:00 PM
From: STOCKaHOLIC   of 1836
 
BLSI, down about 60% last week. Looks like it may be forming a new base at $3. Most of the volume the past 5 days has been between $3 and $3.50. So it looks like $3 may be a good price. CPRO did a similar move a few months ago and doubled off of its low. I'm hoping BLSI makes a similar move. Both companies are biotech.

BLSI Chart
quote.yahoo.com

Do your DD first.

Phil
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