Sunday, January 30, 2005

ASTM Aastrom Biosciences

This one seems to be a popular one, especially over at the Yahoo! message boards.
Here is my latest ASTM chart.



courtesy of stockcharts.com

I'm still long with a stop below 3. I think there is support below 3--see the fib retracement, as well as the previous high in early January. My only concern is the big overhang (see the price by volume bars) around 4, where previous buyers now holding at a loss may be tempted to get out. If they hang on, its "to the moon, Alice!"

Or not.

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