It's almost exhausting watching BIOL do this every time...jump, fall, jump, fall, all right back to this channel. There's an interim gap to fill from a few weeks back but still many other levels to consider IF it can break back above and out of this channel. I think volume will be an indicator to watch in consideration of whether or not this can happen.
Because dental procedures have resumed to most of their pre-covid levels, many investors are bullish on the future of Biolase. While it is affected by the pandemic, the company is working to build new strategies. This goes hand in hand with its need to continue innovating and receiving new patents. With all of this in mind, is BIOL a penny stock to watch?
Does this mean that the relatively small #'s of investors into BIOL (Myself included) can move the market value of the stock? One thing I like about BIOL is that the Big Boys seem to ignore it; Not much danger they're going to short it out of existence or hoard the stock. Also in my humble opinion, we're not going to be "Dentistry-Free" any time soon, and Biolase owns a goodly percentage of the LASER dentistry and cosmetic procedure patents. I'm keeping my BIOL shares, even if it takes a couple of years to bounce back up. I _do_ feel, however, that it is not a trading stock, but a medium/long term stock.
greygooseorange
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the answer is yes! I got in at $1.20 but they do have best lasers according to people that worked there.....optimism.