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Biotech / Medical : Biosource International
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To: milton who wrote (270)10/11/1997 10:02:00 AM
From: Mason Barge   of 696
 
Milton and Joe - If you have been following Biosource's price and volume every day, you don't need a chart to know what they're going to say. Every TA on a stock that's been performing like this is going to be heavily bullish, and for good reason. Unless the Red Chip Review meeting goes poorly, or there is other news, this stock will continue to drift upward, consolidate for a few weeks at some sort of resistance price, and then pop up suddenly. Very very strong price pattern over the past few weeks.

I did look at your chart and also did a couple of MACD's, just for pleasure. I already knew what I was going to see. BIOI ownership has been, so far for me, unmitigated pleasure. There is no reason for a technical correction at this point. If news and earnings are neutral or good, we should see some more upside.
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