BioCurex (BOCX) Is Almost Making Me A Believer
I know I keep coming back to this name, but, it is what it is. And what it is right now - as far as BioCurex (OTCBB: BOCX) is concerned - seems to be pretty good.
Just take a look at the chart. After establishing a base around 46 cents in late July and early August, we’ve seen a persistent push….a push big enough to get the stock up to its current level of 63 cents (a 37% move, by the way). The volume behind the gain has been pretty respectable too. And, the last of the main moving average lines I watch, which is the 200 day line in this case, has now been surpassed.
Yet there’s no news to support the effort? Well, I suspect there’s some news brewing - we just haven’t heard it yet. Things like this rarely happen out of nowhere. I feel somebody knows something about something, and at least feels good enough about it to put a few bucks on the table. If that is indeed the case, I think we all at least owe it to ourselves to pay attention….just in case any rumor becomes true.
That being said, I’m not completely behind this chart’s potential just yet. BOCX has handed over a couple of fake-outs in recent months, and I’m not going to take the bait earlier than I have to. However, I will point out this is one of the most promising moves I’ve seen in months.
Aggressive speculators may already be in a position. As for anyone a little more skeptical (which is myself at this point), I think a close above last week’s and today’s high of 65 cents could really wipe away some of the perceived risk.
Either way, it’s well worth watching.
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love the stock but I have owned it for so long(making some money on the way) that it is starting to get boring. Don’t get me wrong, the technology is very exciting but at this pace it might take an eon to get sales on the books.
Editor’s response: Ironically, at a recent Small Cap Network meeting/regroup, we were saying the exact same thing. I’m gettiing tired of writing about the saga….and, you’re right - seems like it’s going painfully slow. Maybe it’s time to tuck this one away only as a long-term holding and not worry about the day-to-day stuff.
That being said, we’ve got a cure for the summertime blues right around the corner (well, in a couple of weeks anyway) - a new company that’s completely unbiotech. This company is actually making real dollars right now. What a concept! We’ll be glad to have a change of scenery as far as our commentary goes.
Comment by brad — 8/27/2007 @ 1:58 pm