movement down

What was also interesting about bcn's recent share movement was its price in February after it reached 0.67.

BCN retraced to low .50's where it bounced around .50 to .55 for a while and then down to mid 40s on the oppy issue. Then a day or two later came the late February correction {the correction we had to have} and bcn went to mid .30's and then bounced around low .30 to mid .30's for a while until another announcment from the company which saw the s/p rise to around mid .50's and onto a high of .66 before another retrace to its current level.

So if one discounts the current level of support which appears to be around .50 by the oppy issue, any major correction in the near future notwithstanding, I see bcn s/p at around mid .40's before any further large movement UP on further announcments.

If however the market more widely is spooked by US Dow movement, or China, or worse war in the Gulf, then we could see further weakness in bcn s/p and it could just retrace all the way back to low .30's.

The above is only my opinion. It is not based on anything else other than an opinion formed by a number of factors, history etc.

DYOR. On the up side, my gut feeling tells me that on day in the near future, bcn will reach $1.