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Public 3SOF Boards => Penny Stock Picking => Topic started by: poorman1 on October 23, 2007, 07:42:55 AM

Title: China Biopharma - CBPC.ob (breakout or breakdown)
Post by: poorman1 on October 23, 2007, 07:42:55 AM
It's good to see many of the regulars still on the board providing excellent technical advice.

China Biopharma is getting wedged today into the last days of what looks to be a pennant formation.  The next day or so should tell us whether it's a breakout or breakdown.

Market cap is low at around $4MM and does a good job of filing SEC reports, so I don't see a de-listing anytime soon.  Also, this could be a good play in the viral, superbug (MRSA) and bird-flu space.

Anyway worth a look from a technical perspective.

Good luck!
poorman1  ;)
Title: Re: China Biopharma - CBPC.ob (breakout or breakdown)
Post by: poorman1 on October 31, 2007, 03:26:11 PM
Looks like this puppy wants to move much higher after bouncing off the 50 DMA.

Good luck!