This thread will examine BTX. Opinions are invited. It looks to me like this is at least worth keeping an eye one. Potential 100% increase over the next year or two, I think.

I'm going to paper-trade purchase 100 shares over the next few days at around $5. I currently hold 100 MAGS and 100 IDYN, both around $6 and on their way up, purchased around $3.50 in late 1999 and both mentioned in Investolator in 1999.

btx looks to me like its still settling down from its distribution that began in 97.

later
tk

Rick:

I agree with tk; there's still an awful lot of price volatility on the BTX chart, making it extremely tough to assess what an appropriate "breakout" price would be. Seems to me that there are better downtrend formations out there.

The downtrend formations I prefer are the sharp declines immediately followed by a lengthy, gradual decline ending in "extreme quietness". Look at lny and vtr (tk's picks); other examples are amcn, algi, and cacc. The accumulation is more apparent and there is a clear breakout point.

Looks like CLST may be a better stock to paper trade in the near future. JMO of course.

- marty