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.

Yep thats it , blame the shorters !

Maybe its holders waking up and smelling the coffee and the fact that small caps are getting battered across the board regardless of fundamentals.

It seems to me that a supposed sell note was issued by Numis that caused the drop, but I would like to clarify the reliability of Numis and their forecasting!

29 Aug 03
Numis buy rating for Wellinton underwriting price target 110p
share price 29 Aug 03 94.3p
Share price never went above 96 after that and fell to 74.4p

16 Aug 02 Buy Luminar 16 Aug 02 price 679p
Price went up briefly and then went into freefall to 261p on 30/1/03

I can get many more examples.

Brokers note are at best 50/50! Toss a coin...
...............................................




And here is a classic!
Numis...


MARKET COMMENT for WEDNESDAY 23rd FEBRUARY 2005
Numis says add Topps Tiles (TPT.L) (raising the target to 280 pence from 250p)

Oops, what price did it close on 23rd March 05.. oh dear... 189p
one month later!
................................

15:08 Wed 28 April 2004
Numis has a and a buy rating for Amvescap, while cutting its target price to 475p from 530p. Amvescap price that day 384p .. never recovered, fell to 260 and only now is price at 333p

sell rating and 120p price target for Aggreko
Aggreko price that day 156, went to around 140 at then bounced to price now around 170

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Do the opposite... more profitable as I have found out on Num(er)is occasions

Amities/ While short selling in this hoary old chestnut, and ex city darling, BPRG, has always been most common and the higher the s/p goes so conversely the size of the predators with voracious appetites increases, i find myself in total agreement with Dil on this particular occassion in that ALL smallcaps across the board were given a good solid larruping today.No sector was left unspared .ln addition no decent "shorter" EVER opens a short position at the current BPRG s/p which according to my current "shorters manuel" has 62p constituting "true value" and trading at the absolute nadir of its cycle.Now those "in the know" are surely those who run the book and that as why in adition to my own anaylsis, l have employed 62p as my limit, as that is also their assessment of fair value; and thus as far as i will personally venture. l wrote all this on this very thread when BPRG broke out of its 65/75 trading parameter and were sailing high at 80 odd pence recently with big buyers coming from all angles yet everyone poo pooed the very notion; and it was met with a torrent of abuse which left me utterly convinced you cannot argue againt consensus logics on these boards. You either agree or are seen as a right party pooper ,,, .And yet now here we sit with that very notion being a reality . But @ 57p? Even l absolutely refuse to sail against the wind l believe Simon C. { Evil K)) and his army of cronies opened respective substantial short positions recently.That is pure folly i believe.For 57p suggests more than a reasonable buying opertunity.lf BPRG falls below this level in tommorows trading it will only be through sheer panic; and regardless of that factor l cant see it having a sustained downward driving impetus. ln fact i would suggest this s/p yields ample upside with little lasting downside. l personally am not an admirer of BPRG.,but that is a different story, and looking at the mechanics of the market i would suggest it is slightly oversold @ this s/p; and presents a half decent buying oppertunity for many or a case of averaging down for others . ,,,,Sois sages , Faires attention , a'bientot @+ J

BPRG is looking too cheap to be true under 60p. I have bought into it.

On what basis does it look cheap ?

it aint cheap....its the market price.

This is starting to reek to high heaven. Hmm.

Been away so need to do a bit of research, but 62p break looks omnious now. It held July support though.

whats happening, falling like stone??

It's either a decent buy on support or watch for the break south. I'm waiting for the latter, which sems likely in the current market.............



.......but never say never! ;-))

The results were'nt very stimulating.Now the mood is a bit anti BPRG...you know,kind of "seen/heard it all before" syndrome.
Look how many of last week's favourites are unpopular today.How frighteningly fickle are some punters.How easy to be influenced by the enthusiasm of the crowd.How rapid the fall of a share price can be,you can almost hear the slice of the blade!
Yet even with today's red colour there were still some high flyers in the small caps.You just have to pick the flavour of the week and you will make some money.It's a gamble,whichever way you look at it.
Some good news will be all it takes to send BPRG flying again.Till then I shall watch and wait.
As you say,AL...a decent buy on support.

ive been doing that regular (buying on support) and watching my investment disappear. In for the long term now, all or nothing. I hope the anticipation rewards me one day.

down another 6% so far trying not to panick. Watching my investment disappear, why did ever get into this game. aaahhhhhhhhhh!

I understand your feelings. Wish I was out rather than in. But my worry then would be at what price would I buy again. Ah well ????????????

Just a thought. Somebody shoot Bliar I am sure that the market would go up in sympathy.

the market would rocket then!!!!!!!!!

Even better, blow up the whole cabinet esp that communist Brown. All those arseholes like blair and brown who pretend to pray to God all the time just worries me. I never trust these people

From the FMC Annual report...
http://library.corporate-ir.net/library/11/117/117919/items/143005/2004AnnualRpt.pdf

Chairman's letter,
chairman makes reference to NROBE page 4
Specialty Chemicals, page 8 and 9
Our BioPolymer business continues to develop new pharmaceutical delivery
systems, such as the promising NROBETM technology,

The NROBE system leverages decades of FMC experience
in the development and marketing of biopolymers for the
pharmaceutical industry. We believe this patent-pending
system will help accelerate drug development timelines,
eliminate manufacturing steps and, consequently, lower the
overall costs of pharmaceutical development and production.

Wooof!!

Sorry, folks. Broke support on major volume Friday. 'Nuff said.

30p on the cards.

Changed my mind and bought as many as I could late on. This company will never be so cheap ever, ever, ever, ever again. World-beater by the end of next week and 100 by Xmas......................





..................all IMO, of course.





;-))

Deal coming ... saw it in the tea leaves , just after I found a four leaved clover so it must be right.

Just rang my broker to buy a million but he was closed.