I have never spent this much time researching and following penny stocks. However, BIEL has acted as I expected. I hope you got in when it dropped below .05 last week, if so you are sitting pretty. "Independent" analyst reported today that they expect .30 - .50 if the FDA approves the product. On that news the stock jumped again to just under .08 and on over a hundred million shares traded. There may be little chance to pick this up under .06 -.065 between now and FDA approval so if you are inclined to throw some money this way have the guts to hang in if it does get sell offs like last week after the CC. I would take that as a double-up opportunity, not a chase the stock to zero mistake. After FDA approval this will certainly move up, even if on momentum alone.
Happy trading...
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