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BIOL Biolase Technology, Inc. +193.3%
Initiated 12/20/11 $2.45 - Target 5/19/12 $7.18
Closed $2.49 5/22/12 9:30 AM
Today $4.80
Made 1.6% Consider this Stock
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Harvey Dentist
Columbus, Ohio
User since Apr 2011
No coverages - Go to Blog
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Biolase prediction, take two

A correction back to 2.50ish would eventually come with all the macro-headwinds in the market these seasons.  Back to back patents issued to the company gave me the impression there would be a backstop on the price above $3.  Then a special dividend was announced, very small and  don't know if its ongoing, yet still need to do more research, but BLTI is  a dividend raiser regardless, which is another green flag.  When you add in the fact that BLTI is like 1.85 x revenue, about 5 x book, with 110% quarterly and 69% YOY earnings growth.  With 12 patents issued and 9 more pending with very few road bumps ahead, I'll put my reputation and money on the line calling for the profit taking to cease right here and now. I believed this will be followed by more insider buying, divy raises and earnings growth.

 
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BIOL $4.80 -0.08 (-2.1%)
 
 
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