BEL - Spike calls a bottom.

[spikefader]

http://spikefader.blogspot.com/2006/04/vlts-bullish-mesothelioma-research.html

http://webpages.charter.net/spikefiles/SpikesCharts/VLTScup.html

Some hype about Soros having a stake in it too, fwiw.

I'll be charting it on the long side for anyone that's interesting in following that blog anyway.

Best to all.

[billyjoe]

Spike,
I hope today's action means BEL is still alive. Say it Spike , say it !

billyjoe

[spikefader]

Spike,
I hope today's action means BEL is still alive. Say it Spike , say it !

billyjoe

Not for me it isn't, sorry to say. 3.40 (channel resistance from that 5.39 high) is likely going to resist. BEL is going to have to jump through a few more bullish hoops before I get back on that saddle.

Good luck!

[Karel]

... I added to BEL at 2.80 and decided to sell slowly out on the way up. 4.80 was my first sell point. I then picked a 20% drop to reinvest. Now I have a doubleheaded coin! The stock goes up and I win, 'cos another sell point is approaching. Or the stock goes down and I win again, as I may get a chance to get in again at a premium! Wonderful!

Unless BEL goes bust, of course.

I win again! I reinvested the rest of the proceeds at 2.80. We'll see what happens.

Regards,

Karel

[jiesen]

Great job with the purchase, Karel. If only I had been able to be so patient in my BEL buying. Let's see if they can finally land those contracts, and get the share price back up to the 20's....

[spikefader]

I will not be surprised if BEL fails the 2.50 area. But in your favor Karel, is that this recent bearish price action is forming a handle on a bigger weekly cup. But I won't trade BEL long until it shows me some impressive bullishness first. Good luck dude.

[Karel]

Thanks spike, I might need it. My reasoning wasn't very profound; I just argued that I was ready to add a little at 2.80 in October last year, and nothing much that prompted me to add then has changed. Institutional buyers still seem to be buying (a little), and the recent slump is due to news and the protracted delay of their financial statements. With a fraud history, that might make people jumpy. So I left my limit orders at 3.80 and 2.80 in place. I am now ready to sell the greater part of my reinvestments again at 3.80 and 4.80, respectively. It is called formula trading. Sometimes it looks spectacular, like that sell at 4.80, and perhaps my buy at 2.80 will look equally inspired, some months from now

Regards,

Karel

[Karel]

BEL seems to be quite the news driven stock, right now. But I don't mind, I don't mind at all...

Regards,

Karel

[Lyehopper]

BEL seems to be quite the news driven stock, right now. But I don't mind, I don't mind at all...

Regards,

Karel

Impressive on the surface.... but look at that volume! I just can't mess with a stock with low volume like that.

[New-born baby]

Impressive on the surface.... but look at that volume! I just can't mess with a stock with low volume like that.

Lye,
Just think: 65 people in the entire world bought 100 shares apiece and drove the price up today in "heavy trading." Too thin for my blood. But MM bought some company that traded only about 2500 shares per day and made his 15% off of it. But usually the spread on those mini-traders (like FRGB) is huge. FRGB can be as much as $3 spread.

[Karel]

Yup, there are some extremely low volume days in BEL. Low volume = uninteresting = unimportant whatever the price action is. But that doesn't mean that what is happening is uninteresting, or unprofitable.

When you look at the volume over the last twelve months, you see a peak about September 2005 (institutions buying in?), then diminishing volume all the way through Februari, then a surge in interest at the beginning of March (again at least partly institutional), and then volume declines again until now.

In the first peak week the price was 2.81-3.05. During the declining volume period the price dropped first to 2.50, and then rose to 3.82. The surge of interest brought the stock price to 5.39, and then interest started dropping again, although it remained relatively high, and the pice dropped to 2.73. Volume is still dropping lower and the price is now 3.27. Absolutely fascinating. I can't make heads or tails of it.

Perhaps most people that have a position now want to wait for the real news, not the news that news is coming. At least BEL has its accounting sorted out, which should take away at least part of the reasons for the panic.

Regards,

Karel

[New-born baby]

No contest

Who can argue with Karel's method on BEL? He's scoring profits, and that is how we keep score.