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You Won’t Believe the Wild Week B.O.S. Best Online Solutions Has Had (BOSC)

B.O.S. Better Online Solutions Ltd. (NASDAQ: BOSC) is up 30 percent in Friday trading but that’s just the latest in the crazy week this stock has had. If you’re a trader in this name, you’re either a lot richer, a lot more tired, or a little bit of both.

It all started Tuesday when the stock shot up 87 percent on news that it had entered into a Standby Equity Distribution Agreement, or SEDA, with YA Global Master SPV Ltd., or YA Global. The SEDA provides that, upon the terms and subject to the conditions set forth, YA Global is committed to purchase up to $600,000 of the Company’s ordinary shares over a two-year commitment period.

By the end of the day Tuesday, the stock was well off of its highs, closing at $4.05–a 40 percent move. After a huge gap higher, most of the gap had been filled and on Wednesday, the stock continued lower followed by further weakness Thursday. By then, the stock was up only 3.5 percent from Monday’s close.

Then came Friday when the stock headed higher once again but the price action is a repeat of Tuesday. The stock reached a high of 4.95–a nearly 72 percent gain from Monday’s close but the stock is losing strength and just as it did, Tuesday. It will likely close considerably lower than it’s high.

The reason for the movement over the past few days but it has been a day trader’s dream.

[stock-tools exchange="NASDAQ" symbol="BOSC" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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