Latest Forum Topics / Biosensors | Post Reply |
Is Biosensors a good buy?
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allright
Senior |
14-Jan-2008 23:55
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Sorry i missed the 2 different tranches and thanks for pointing it out to me. So he sold in total 5million shares over 2 days. The key question is can an insider sell for 2 days in a row if there is something about to happen? Thought there is a blackout period? Especially after the company announce they are expecting the CE mark in late jan 2008? or is that precisely why it is okay for him to sell because what they have announced is now public knowledge??. I do agree with the other forummers...a bit unsettling when the CTO sells amidst the anticiaption of the CE mark. Do you think BIG should explain or ignore if no query by st exchange as they have already made the earlier announcement on the expectation of the ce mark...??? Today the price stabilised and ended up. hope he has stopped selling. | ||||
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bengster68
Master |
14-Jan-2008 23:32
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In fact, i think this CTO still has seveal tranches of outstanding share options with very low exercise price from 20cts to 70 cts yet to be exercised. I will check BIG's hardcopy financial reports and keep you guys posted on the CTO's outstanding share option price and quantities. | ||||
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novena_33
Veteran |
14-Jan-2008 23:07
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i will get worry if the price keep dropping...like a sinking ship...but for now, hope the CTO will not further let go his position... see have any fat ang bao....for us... |
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cashiertan
Elite |
14-Jan-2008 23:03
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There are many way to trade just like there are many TA methods, if u can formed your own method which can benefir in the wrong run, then that is TA too. look at the bullishness of this counter. I sell le than it jump up straight the next day! |
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allright
Senior |
14-Jan-2008 22:54
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thanks for the explanation. |
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bengster68
Master |
14-Jan-2008 22:41
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From the announcements, the CTO disposed about 3,000 lots on 10/01/08 and another 2,000 lots on 11/01/08 via open market selling. Nothing to do with share dilution Im not worried about insiders selling some off their shares at high price. But I will be worried when the insider continuously selling blocks of shares even when the company's share price is dropping everyday to a new low. This means that the insider knows something really bad is happening in the company and dumping their shares before they announce it. Maybe the CTO need a huge lump sum cash and see it as an opportunity to sell some of his shares at around $1, knowing BIG's share price has always been volatile. He could be comfortable cashing out some of his holdings at around $1. Ask yourself this question: Why do some investors sell off their shares at 84cts on 26/12/07 when BIG announced they expect CE to come in at end jan 2008? Different people have different way of looking at things and we have to respect their views. If earlier sellers at 84cts are comfortable with the 20% they make if they have bought at 70cts, why stop them or condemn their selling decision? They have their own investment strategy and criteria while the CTO has his own cash needs and views. The CTO's shares could be given to him free for at zero cost to entice him (a very important key research personnel) to come in as a founding shareholder (or subscribed at a very cheap price). I think he is one of the founding partner of BIG and a key technical officer in BIG's stent programs. Im not in a good position to "wild guess" this guy's selling as my guess is as good as anyone's guess. |
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smltimer
Senior |
14-Jan-2008 22:35
Yells: "So what does the crystal ball say ......." |
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double-top, triple-top forming?? if cant break $1.00? sporegal wat do u think? trade at your own risk. |
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dcang84
Veteran |
14-Jan-2008 22:25
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< Anyway, I avoided posting on this thread for sometime because the arguments were getting quite heated. I'm glad that it has been sorted out and peace has returned. > You should visit this thread often. Feel free to give us your viewpoint and technical analysis. Much appreciated. |
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singaporegal
Supreme |
14-Jan-2008 22:14
Yells: "Female TA nut" |
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Somehow, TA charts don't seem to apply to this counter. The charts don't make sense to me.... running all over the place. I will usually avoid counters that I don't understand.... Anyway, I avoided posting on this thread for sometime because the arguments were getting quite heated. I'm glad that it has been sorted out and peace has returned. |
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cwwan1
Member |
14-Jan-2008 21:19
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UK agency to rule on stent cost-effectiveness soonLONDON, Jan 11 (Reuters) - Britain's medicines advisory agency is set to publish its latest recommendations on the cost-effectiveness of drug-coated stents in around 10 days time, potentially triggering a fresh clash with manufacturers.
A spokesman for the National Institute for Health and Clinical Excellence (NICE) said on Friday an announcement was scheduled for the beginning of the week commencing Jan. 21, although companies involved would be informed of the recommendation next week. Drug-coated versions of stents -- tiny, wire-mesh tubes used to prop open clogged arteries -- are a multibillion-dollar global business for companies like Boston Scientific (BSX.N: Quote, Profile, Research), Johnson & Johnson (JNJ.N: Quote, Profile, Research), Medtronic (MDT.N: Quote, Profile, Research) and Abbott Laboratories (ABT.N: Quote, Profile, Research). But their use has fallen sharply in the past year or so on concerns they may sometimes cause blood clots. NICE caused a storm last August when its initial assessment concluded that drug-eluting stents were not worth the money when compared with older bare-metal ones. The difference in price is around 600 pounds ($1,175). Morgan Stanley analysts said it was possible that companies could offer price concessions to keep drug stents in use on Britain's state health service but they would have to decide whether price cuts were commercially viable. Since 1999, NICE has led the world in measuring the cost-effectiveness of new treatments, and its actions are closely watched by other governments and insurers, particularly in Europe. Morgan Stanley said it was possible the NICE recommendation could lead to a 13-15 percent European price cut, reducing the size of the market by $102 million, or 5 percent in 2008, by $173 million in 2009 and $251 million in 2010. That would translate into a 2010 earnings per share impact of 3 cents for Abbott, 2 cents for Boston Scientific, 2 cents for Medtronic and 1 cent for J&J, its analysts added. (Reporting by Ben Hirschler; Editing by Jason Neely) |
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gbleng
Member |
14-Jan-2008 20:57
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Anyone queried BIG? I send email via their website.. no reply. | ||||
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allright
Senior |
14-Jan-2008 20:53
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Looks like the announcement on the sale which was first reported on the 11th of jan and the announcement today is based on the same person and the same sale transaction as the details of the quantum sold (3million) and the shares he has left are exactly the same. The only difference is the percentage change in the level. i.e on friday it was reported that it was down to 5.73 the percentage the CTO held after sale. Today it reports it is fr 5.73 to 5.54. Could it be the amendment is because of the diluted shrares? Not sure but the announcement should be clearer. | ||||
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superbad2
Member |
14-Jan-2008 18:32
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To be more accurate, he dumped it on 11/01/2007, but the announcement is made today.
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huatah
Veteran |
14-Jan-2008 18:27
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Dear members, today.. John had further disposed off his shares and now he left with 5.73%. Seriously, de oni reason tat i can think of for such disposal would b "in need of $$" and "intention to resign" thus, need to clear his share.. Of course, one can still believe that CE might not b reachable end tis month, thus de disposal. Which i really dun noe at the moment. Almost all BIG's big shots will b in town tis week. Dun noe wat's de reason yet. will update asap if i got info... |
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superbad2
Member |
14-Jan-2008 18:22
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: huatah Just a joke. Who in the right mind will short biosensors today? Maybe pension only.. |
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PensionAlterEgo
Member |
14-Jan-2008 18:20
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Admin, okay i saw your message just after I posted my joke.. point noted. Will keep the posting more relevant.. |
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ghlau935
Veteran |
14-Jan-2008 18:15
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All forumers and members of the public are encouraged to make use of the "Alert Admin" link located next to each post. This will enable an email to be sent to us for investigation. Thank you for your cooperation. Admin |
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PensionAlterEgo
Member |
14-Jan-2008 18:14
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Aiyoh ..me too. I shorted at 0.93 50 lots.. now I loss $$$...Should not have listen to him!!! Okaylah just kidding.. Hmmm, my other half has been missing for so long. I guess the "schizophrenia pills" must have got rid of one of us... and its not me! |
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ghlau935
Veteran |
14-Jan-2008 18:13
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Just a Reminder again.... Dear friends, Please be reminded to keep the ShareJunction forum a friendly place for sharing. DO NOT -
Thank you for your cooperation. Admin |
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huatah
Veteran |
14-Jan-2008 18:07
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superbad2.. good for u to have such optimistic thinking.. losing money and smiling too.. :idea:..move forward... let's history b past.. let's just look forward. Though we do not know who is de clone of P.. but it doesn't matter anymore.. let just wait for the Halt to come.. and celebrate together.. not an inducement to buy/sell/hold.. vest at your own risk. Cheers. |
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