My View On BVE:

As you know I recommend BVE as a speculative buy on Monday. Since then it has dropped about 15%.

All is not over yet but I wouldn't add to my position until we get another breakout.

However, there is a chance that the breakout we say was actually a clever all at once distribution of stock by the pros.

We won't know for sure but just in case make sure to set your stops at around $0.74. That is the 30 day moving average and a drop below that would signal a trend reversal for the time being.

This could be temporary or it could be permanent. Once again, I don't know but the secret to successful speculating is to keep losses small and let winners fly.

BVE has the potential to be a homerun but if it's not we have to sell at a small loss and perhaps wait for a better time to get back into the stock. 

Posted by Mike – July 6, 2006 – 17:26