goldfinger
- 01 Sep 2004 15:33
This ones a heck of a specualive investment but it seems that the institutions are willing to stomp up the cash to back it in the long term.
Heres the latest news from Killik stocbrokers on the company..........
MEDICAL MARKETING Joint Venture
We recently highlighted Medical Marketing (MMG) as worthy of attention. The company, in which I have a personal share holding, has this morning announced the formation of a joint venture, Genvax, to develop a novel DNA vaccine platform technology.
Human trials have been underway since 2001 in areas such as Lymphoma and Myeloma but the technology has broad applications in cancer, viral and bacterial infections (hence the term platform). The technology works on boosting the immune system by teaching it to identify hard to recognise cancer proteins as foreign and destroy them. Early results from the 25 patient trial in lymphoma are encouraging and evaluation of the result is expected by March 2005. Successful results should mean big pharmaceutical groups will start to take financial and commercial interests around that time.
This looks to be the first of a series of announcements due from Medical Marketing as it has a range of predominantly cancer trials moving into the clinical stage. (news flow could push the price higher)
The stock has made good progress in recent sessions up to the mid-80p level where the company is valued at just under 40 million. ENDS.
Please DYOR
cheers GF.
goldfinger
- 26 Apr 2005 13:51
- 1445 of 2444
There about 13 sells caused the problem. Perhaphs some thaught they were going to hear the ruthenium trial results announced. We were warned yesterday this wouldnt be the case.
cheers GF.
Chiva20
- 26 Apr 2005 13:54
- 1446 of 2444
hopefully it should bounce off 170 support. Good time to top up?
bhunt1910
- 26 Apr 2005 13:57
- 1447 of 2444
I am buying in @ 183 - hoping for a bounce. I thought it was an excellent presentation - cant understand the drop - but hoping to take advantage
Baza
goldfinger
- 26 Apr 2005 13:58
- 1448 of 2444
Well Ive added and am having some more screw the mugs who have sold.
cheers GF.
ateeq180
- 26 Apr 2005 13:58
- 1449 of 2444
Cant believe this ,and also tempted to buy but a bit risky at the moment after the way it has fallen.
ateeq180
- 26 Apr 2005 14:07
- 1450 of 2444
HOW do you average down on a volatility such as this,thought of buying at 183p,at the same time thinking this might fall more ,but instead moving nicely back up,very difficult to get things right most of the times.
goldfinger
- 26 Apr 2005 14:10
- 1451 of 2444
Buyers coming back in but the MMs are screwing us today good and proper.
No problems though because over the next few days and indeed weeks I can see these really being upgraded. Brokers will be re - rating and also taking up and I can see the fincial press talking them up.
cheers GF.
Chiva20
- 26 Apr 2005 14:11
- 1452 of 2444
I think it will fall more, (although naturally I hope it won't!) I'm poised to top up if it hits 175.
bhunt1910
- 26 Apr 2005 14:36
- 1453 of 2444
I think I have given up trying to analyse this share - it seems to defy all logic. Its bouncing around like a yoyo at the moment - a daytraders dream.
I only hope that there is some positive press comment tomorrow - and that that is followed up in the journals and weekend papers - 'cos this share is worth a lot more than this and it seems to have enormaous potential - but what do I know!!!
Baza
Chiva20
- 26 Apr 2005 14:42
- 1454 of 2444
Lol Baza I feel the same way. Very disappointed today but not surprised as you say it defies all logic. Importantly though this is oversold in my opinion, won't be long before these prices are history
bhunt1910
- 26 Apr 2005 14:51
- 1455 of 2444
I tend to agree with you and have bought @ 183, 189 & 190 - but then again!!!
Baza
chad
- 26 Apr 2005 14:53
- 1456 of 2444
314,000 buys vs 267,000 sells= 11% drop. stinks of a shake out by the MMs to me in anticipation of all the broker re-ratings that GF mentioned. This is a definately a temporary setback IMHO, and we shouldnt be looking at these prices for too long now.
chad
- 26 Apr 2005 14:54
- 1457 of 2444
Would be nice to see 200p again by the end of the day though.
goldfinger
- 26 Apr 2005 15:01
- 1458 of 2444
Yes its the fact that Best said the Ruthenium trials had been put back so that three rather than two would then go forward and they would also improve the compounds making them more attractive to a Bio Giant.
Problem is that most in these markets are trading on credit/margin and that puts certain time restraints on them, they could not physicaly hold within the market without knowing when the trials would be passed and I mean passed because Im sure its just when and not if.
In a way this presentation as back fired on Best he shouldnt really have called it if he knew he was going into it with a time lag on trial results.
Medium term investors should reap the benefits of upgrades through the financial community over the coming days and weeks.
cheers GF. PS, Pis-e- Off. This puts Knevil back in the game and the MMS are robbing us blind today not just on this one but nearlly all small caps.
mickeyskint
- 26 Apr 2005 15:12
- 1459 of 2444
As Ruthenium is the next news to come out and has now been put back. I can't see these doing very much for the time being.
MS
goldfinger
- 26 Apr 2005 15:22
- 1460 of 2444
Depends Mickey on the feed back we get from the meeting from Brokers and the financial press, if they talk it up we could be looking at an upgrade but I have no doubts that the Evil one will make the best of this. Beginning to think that this company however technicaly brilliant it is, as a real weakness when it comes to PR. Very frustrating at the moment. Anyway we will know over the next few days. Im staying put as quality always outs in the end and Im still very bullish, it just means Ive had to put my toast back in the toaster as its not brown enough.
cheers GF.
bhunt1910
- 26 Apr 2005 15:27
- 1461 of 2444
Just as well that you bought the new car yesterday GF !!
Baza
mickeyskint
- 26 Apr 2005 15:35
- 1462 of 2444
I'm definitely holding, no choice.
MS
ateeq180
- 26 Apr 2005 15:40
- 1463 of 2444
Might get a good finish tonight,its been a funny sort of day interms of mmg.
goldfinger
- 26 Apr 2005 15:52
- 1464 of 2444
In these markets Baza itd be a bike LOL.
cheers GF.