The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Wednesday, November 02, 2005

BDSI is attempting to breakout

hey guys,


BioDelivery Sciences Intl (BDSI) a stock that I have previously mentioned has begun its breakout attempt today! I was initially attracted to the stock because of the insider buying among both institutions and company bigwigs. The combination of the two buying trends and the ever improving chart (downward trend began to hit the brakes!) gave me a pretty good idea that BDSI is on the road to reversal! Now remember, this is not set in stone! This is just to let you know that it there is a good chance (highly probable) that the stock will breakout!

BioDelivery Sciences Intl (BDSI) 3 month chart


Although there have been some big insider buys at the begining and end of October, I would have liked to see even bigger volume between yesterday and today to confirm the breakout. Still, volume is above average today. Lets see where this can go! My first target is $2.50!

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