Bioprogress is a stock I have been in and out of quite a few times since it floated in May but not much mention here on the Investors' Room. Does anyone else follow this stock. I see it is up 1.5p today and a few good buyers seem to have appeared.

Poster on iii has said that it has been leaked that GH has resigned from BPRG, only passing on gossip. DYOR.

Nothing like a city rumour to crack the concrete , if thats a rumour well i`am a dutch man,,hello henk . You mite say 50 pence is a nice round number..

To those who say this is a buying opportunity is like saying terminal cancer is s good opportunity too buy paracetamol!!

Capitulation proportions here. Don't forget Man Group held the best of 5% of the shares presumably as a hedge against CFD and SB positions. Almost certainly most were long and bought north of 100p. Today may well be (to hazard a guess) the bulk of those long positions liquidating. Consequently, the big lumps of stock going through today are probably Man Group selling. That was never an institutional holding as some hopefuls believed. I wouldn't be surprised to see an RNS saying Man no longer holds a notifiable interest.

The smell of burnt toast pervades the air. Imagine most of the 100p+ buys are on 65% margin which I think is par for the course for "high-tech" CFDs.

All the crap about "reasons" for the fall shouldn't detract from the real situation. Literally millions of shares are held on via CFDs and spread bets. What a holy mess. Thank the lord I paid cash! Mine are staying just where they are.

I expect tomorrow morning will be a shade ugly.

PS Please Dil, no sanctimonious comments, there's a good boy!

adieh,thats it for me now,,who`s got the prozac.

bones - Ive summed dil up brilliantly on the IQE thread (post 100). Hes a sad and lonely man.

Lol, hang in there Dave, long term view don't forget, no point in selling now...

I hear the King is dead. Long Live the King!

I have just tried to buy on Hoodless B and first got telephone order only then got stock suspended. Anyone know about this??

The vo
lumes are huge and the the B/S 51/42/7. Something is odd with this price movement!!
Explain!!!!

Janus......WHERE is the RNS? ( down way over 10% )

GH has NOT resigned nor has the board asked him to resign

Let's see what happens now the close has arrived. We should see a RNS imminently this evening.

Lets hope we get something even it states the board are unaware of anything which should drive the price down to these levels?

Looks like market forces to me. All the sheep clamber aboard in a bullish phase on margin. After a sell-off, the margined long positions (being 3 x actual cash laid out) unwind dramatically as stop losses are hit. A vicious circle. The same will happen with the short interest when it goes the other way (as it did a while ago). It's not an ideal world for investing that is for sure.

Evening!

I'm as amazed as everyone else, but it was in the charts with very steep downward momentum on good volumes for a few weeks. This 70-90p area has always been the most volatile. I'm looking for a buy level now, but can't decide whether it'll be in the 60's or 50's. I suspect we'll have to form a bottom somewhere anyway so no point in jumping in too quick as this one's the sharpest knife in the market. I'm a bit surprised so many hit the buy trigger today actually, but each to his own, I guess.

Continue to feel sorry for many of those "investing". This ain't good for the heart rate!!

Al
;-)

Hi Al

I have to imagine there are a large number of traders/investors (shall we call them punters?) who bought on margin now in deep doodoo. It's safe to say that the compliance depts of GNI/IG/Cantor/Finspreads were busy on the telephones calling in margin. I imagine choice of closing had little to do with punters' "decisions" on the matter :) (or :( for some).

Whenever I think of buying on margin Please can I remember BPRG ++++ before I commit myself!!

But why can't I remember a bottom is never a bottom until 3 weeks later. For one day it is just another AH.

Bones

Quite possible. I also think some investors may have learned from their pain during the summer months too and set stops - I'm damn sure I would have given the depth to which many have got themselves sucked in. "eggs" and "baskets" seemed far too common a theme over the road during June/July. The relative volume sizes on this drop makes me suspect some set stops and have been triggered.

On the GNI question. I'm not sure they should be lumped with the spreadbetter/CFD companies. Every trade I've ever seen of mine through GNI has always seen in the market as a trade. They don't keep it in house. The remainder of these companies do seem to keep an "in-house" book, as it were.

On margin trading/investing, Fred, you have to have your money management house in order. If you don't you are doomed!!

Assuming the "Forced sellers snowball effect" is true. Are we due a rebound, and if so how big ? (Please say VERY big)