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VOLUME
05: ISSUE 53
Feature:
BioCurex Awakens. Tracking Eden's Volatility.
Eden
Energy (OTCBB: EDNE)
shares have, to say the least, had an active few days. After running up
to $4.59 on Monday from under $3 last week, the shares pulled back to just
under $4 Tuesday and closed the day at $4.24.
Whether the rise is a result of new
investor interest, short covering or a combination of both, the action
simply means that the shares have decisively popped up on significantly
more radar screens. That's a good thing. Since the 30th of June, the daily
share volume has ranged from 800,000 to over 3 million.
We
first Alerted
the readership to Eden at $2.80 with subsequent accumulation suggestions
from $2.50 to $3. The shares were trading at around $4.05-$4.10 at the
opening, Wednesday. That's roughly a 45 percent gain in a scant few weeks.
While we are cautious short-term about being aggressive buyers over $4,
some exposure is certainly warranted given Eden's exploration potential,
which we have frequently noted here and on the SCBLOG.
We would like to see the shares retrace to the .382 or .618 levels as noted
on the chart prior to initiating any large new buying--maybe pick up shares
at one and more if it gets to the lower end of the retracement range.
At the time of writing this
tome, the shares had pulled back to just under $3.80 or within a few cents
of that first technical retracement level. Picking up a few shares for
risk-oriented investors at these levels might well make sense.
That said, for traders, the volatility
of this stock has to be extremely compelling. For long-term investors,
any new buying should be done on dips. While we are all in favor of rising
share prices, sometimes a breather is the best thing that could happen.
Some consolidation would serve the technical picture well at this point.
As we have also frequently noted,
activity in the Great Basin area--either real or rumored --is bound to affect
the Eden share price. Vigilance and strategic trading will likely be the
watchwords as the company ramps up to its drilling program at its Noah
property in the fall.
We continue to feel that the potential
for Eden is enormous. The shares will likely remain volatile allowing those
investors who like this type of action excellent opportunities to trade
the shares. A core holding, especially of lower priced shares, should be
held to take advantage of news from and activity in the Great Basin area.
Remember, Eden is virtually the only public company with exposure in the
area and the Noah target is, so far, the biggest and potentially the best
play there.
BioCurex
Awakens, Gets Peer-Reviewed and More...
Even
though there has not been a great deal of recent news from this biotech,
BioCurex (BOCX.PK)
saw renewed interest Tuesday as a result of some exposure through an Internet
based newsletter. The shares popped to $1.43, Tuesday on decent volume
and subsequently settled to close at $1.17. The shares opened Wednesday
at $1.20.
In
the release below, the company announced some quality publications that
have written pieces regarding its technology. Links to the articles are
at BioCurex's website (www.biocurex.com)
for readers to access. The life-blood of small biotechs is recognition
in peer-reviewed journals and other like-oriented publications. The inclusion
exposes the technology to significantly more potential R&D partners
and licensees.
BOCX traded to the .382 retracement
of the down move it's had for a while, which was no surprise. However,
if it can close above that .382 resistance, the next stop may very well
be the .618 level. Of course if it breaks above that, it will most likely
want to test the old high. The shares have been stuck in a range of 95
cents to $1.05 seemingly forever and, while yesterday's action may not
be the ultimate catalyst to break that trend, it definitely brought in
more investors to the story and that's also always a good thing.
The recent action evidences one thing
for sure; new investors can obviously get just as excited as the rest of
us once exposed to the company and it's potential. While we are not aware
of any solid timeline for the company to regain a more senior market listing,
it is certainly foremost on the agenda. Again as we have oft stated, that
eventuality will return the shares to more and larger radar screens.
Volumes have been creeping up of
late, which is also a very positive sign. More news, more exposure should
send it on its way, hopefully soon.
That said, even on the pinks, the
potential for the company, in our view, remains amazing and feel that the
shares continue to be undervalued when measured against that potential.
With the prolonged share price consolidation
at or around the $1 level, it appears a floor or strong support level has
been established and we continue to suggest that risk oriented long-term
investors accumulate shares.
PRESS RELEASE
Press Release Source:
BioCurex, Inc.
Peer Reviewed Journal
Publishes RECAF Results.
RICHMOND, British Columbia,
July 13, 2005, -- BioCurex Inc. (BOCX.PK - News) announced today the publication
of its tissue and serum RECAF results in the last issue (June) of the journal
IVD Technology (IVD is an acronym for In-Vitro Diagnostics, meaning clinical
studies done on samples in a test tube).
The article was initially
requested by IVDT in 2003 and it was originally limited to the detection
of cancer cells on tissue sections. Publication was then postponed in order
to include the results obtained on serum samples. The article's title is
"A new broad-spectrum cancer marker".
IVDT has a circulation
of 15,000 mostly among professional personnel in product R&D, design,
manufacturing, quality assurance, regulatory affairs, and corporate management.
All manuscripts are subjected to double-blind peer review to ensure the
quality and relevance of the materials. The publisher disallows promotion
of brands, products or services offered by authors.
In addition to the IVDT
article, Hematology Oncology News & Issues interviewed Dr. Moro (BioCurex's
CEO) and as a result it published, in its May 2005 issue, a commentary
on RECAF entitled: "RECAF biomarker for common cancers provides patient,
doctor benefits".
An excerpt of the article
reads:"RECAF technology has the potential to benefit patients, doctors
and the health care system by ruling out unnecessary and sometimes painful,
biopsies; allowing oncologists to react promptly to elevated RECAF presence;
and diagnosis patients at earlier stages."
Hematology Oncology News
& Issues is a NEWS magazine. Its charter is to report on the latest
developments
in these medical specialties and provide a forum for the exchange of ideas
among the professional disciplines responsible for delivering care to the
cancer patient.
Also, the May issue of
"View on Biotechnology" , a supporting publication to Pharmavoice, which
reaches 17,000 US based life-sciences executives, dedicated its May issue
to: "Thought Leader Perspective. An overview of the biotechnology industry".
Dr. Moro was one of the 16 "thought leaders" interviewed.
None of the publications
was paid for space, nor does BioCurex advertise in any of them. Links to
the abovementioned publications can be found in the News section of our
web site (www.biocurex.com).
Dr. Moro, President &
CEO of BioCurex stated: "In the current business environment it is necessary
but not sufficient to have an excellent technology; success ultimately
depends on people - from the general public to industry leaders - learning
about it. We are very glad to see the blood and tissue test results published
in a peer reviewed publication that reaches not only scientists but also
industry leaders.
We are well aware of
the importance of communicating our results and achievements in many different
forums including journals, congresses and industry magazines. These publications,
together with the invitations we have received to discuss our results in
the upcoming ISOBM congress suggest that people in our field are starting
to take notice of our achievements. We shall continue our efforts in that
direction."
About BioCurex:
BioCurex, Inc. is a biotechnology
company that is developing products based on patented/proprietary technology
in the areas of cancer diagnosis, imaging and therapy. The technology identifies
a cancer marker known as RECAFtm, which is found on malignant cells from
a variety of cancer types but is absent in most normal or benign cells.
To read more about the Company, please visit the News section in our web
site (www.biocurex.com).
Note:
The Company has not
authorized the release of this information in any form that contravenes
the Communication Act and will not be responsible for unsolicited massive
distribution of this material by e-mail or facsimile by unauthorized parties.
Statements in this press release, which are not historical facts, are "forward-looking
statements'' within the meaning given to that term in the Private Securities
Litigation Reform Act of 1995. The Company intends that such forward-looking
statements be subject to the safe harbors created thereby. Since these
statements involve risks and uncertainties and are subject to change at
any time, the Company's actual results could differ materially from expected
results.
Contact:
Ricardo Moro
BioCurex, Inc.
Tel: (604) 207 9150
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for Trading Alerts compensation and disclosure. TGR Group LLC has been
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