Biosyent was a stock I used to trade with a great deal of success as it moved sideways for quite some time, moving up and down from $10 and $11.
It has broken down.
It made a steady climb from under a buck to over $12. Anyone who got in early obviously did quite well. Just take a look at this chart.
I really liked trading this stock. I knew very little about the company, their products, management etc. It was just easy to trade, although volume wasn't very high.
This is a chart from last year that shows a nice sideways channel that was quite predicable.
This is what it looks like now
It way settle somewhere again, but it looks like the game is over for now.