BPTR hit a new post OTC Journal coverage high today of $1.08, and finished the day at a new closing high of $1.04. This is the first time the stock has closed over the $1 mark since first featuring the company back in October at $.65.
From a valuation perspective, with an estimated $.14 per share in earnings for 2004, this stock is still absurdly undervalued, especially if they can maintain their torrid growth pace from 2004 and stay profitable.
The stock really broke out when it finally eclipsed the $.90 level in late December after three tries.
As you can see from the chart, $.90 has now become support instead of resistance. I see nothing but higher levels ahead. Pullbacks should be used as buying opportunities. This one is just getting started. $1.50 remains conservative target price.