Dear All,

I've share my views earlier on shorting this counter at 1.23 after analysis of candlesticks, Technical charts which displays and indicates "Demand and Supply" reactions in this counter.  Now this counter is 1.14 as we speaks.

Based on the charts, Fibonacci Retracements techniques shows that there is a slight suppport at 1.08 which is the likelihood where this counter will keep dropping till to have any significant reactions.  If it fell through 1.08, then a stronger support is at 1.01 which I think if you are interested to long this counter, that would be a better position.  However, I personally would not long this counter till at least it dropped to 0.87

So if you like, you can continue to short this counter safely till 1.09.  Its a better bet than longing it now.

Regards

ABK 

gbleng      ( Date: 15-Nov-2010 13:04) Posted: What's your time frame... I'm it will get to $2 one day... baberic      ( Date: 15-Nov-2010 11:20) Posted: A likely $2.00 counter in the near future.

A possible motivation for stock sales and BIG’s recent restructure is the proposals in the United States to substantially raise personal income & capital gains tax rates and to change the personal and corporate tax rules.   The increase in capital gains rates could be more than 33%.  This change would mean that all gains accumulated in BIG stock would be subject to much higher taxes.  Since Mr Lu and Mr Shultz had founders shares with little cost most of the sales proceeds is subject.

Last I saw: Mr Lu had over 9M, Mr. Sayer over 7M and Mr Klein over 20M options.  All of them are subject to tax in the US

SurModics CEO Discusses F4Q2010 Results - Earnings Call Transcript

Quote taken from SurModics conference call Nov 9, 2010…Surmodics furnishes JNJ- DES drug coating.

 

“…… Recently, Johnson & Johnson reported the sales of the CYPHER sirolimus-eluting coronary stent were approximately $136 million in the quarter, down 19% sequentially and 36% year-over-year. However, excluding the $1.25 million in one-time license fees from our third quarter results, royalties and license fees decreased 2% sequentially in spite of the 19% decrease in CYPHER sales. …..”

BIG  DES  Sales growing.

Interesting article from Financial Times about what technical trading can do and did in Sugar Market

“Sugar suffers biggest sell-off in 30 years

 

By Javier Blas in London

 

Published: November 11 2010 20:51 | Last updated: November 11 2010 20:51

 

Sugar prices suffered their biggest one-day sell-off in 30 years on Thursday, tumbling by as much as 11 per cent after speculators pulled out from the market in the wake of dizzying gains.

 

The sell-off, which came just hours after the sweetener hit a 30-year high, started after the European Commission granted further export licences for the commodity, a move widely expected among physical sugar traders.

 

But some hedge funds took Brussels’ decision as a bearish signal and began selling heavily, traders said. The selling quickly escalated into a rout as falling prices triggered a string of automatic sell orders on the way down, they said. “It is a total meltdown, totally unexpected. There is no explanation,” one bullish trader said. “We have hit technical level after technical level,” he added.

 

Michael McDougall, at Newedge brokers in New York, added: “We have seen a good clean-up of speculators.”

 

The scale of the slide could in part be due to relatively thin trading volumes due to the Veterans Day holiday. ...  Earlier in the day, March raw sugar futures touched a peak of 33.39 cents a pound, the highest level since January 1981.  ...."

 

Copyright The Financial Times Limited 2010. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.”

 

I believe BIG will offer an explanation next week w.r. to Jeff wife`s action. I hope it is not another case of marital dissolution similar to that of  John. Whatever it is, an answer from the management is needed.