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.

No problems with that Dil.
We will all never agree on everything and our investment choices, the one thing we can agree on is that we don't wish to see any investors get a serious burning. We all lose from time to time and to be honest I learnt a lot from mistakes in my first twelve months and feel that I am doing much better and making much better informed decisons helped by these boards.
It doesn't mean I won't get it wrong again though!!!

I have never run out of sins to commit or mistakes to make, and every time I think I have, another sneaks up on me.(BPRG) But still swimming not drowning. But life would be boring without the hangman's laugh.

....and God bless all those that sail in her!

I think BPRG has been oversold today...If it goes up tomorrow, I will sail in it.

Might get shorters buying back now that Evil as closed his. One to watch like an hawk though.

cheers GF.

Shares in BioProgress crashed 19p to 30.25p after the group issued a grim trading update. The company said that trading levels at its BioTec Films subsidiary in Tampa were not as strong as previously anticipated and were unlikely to reach levels indicated in previous announcements. It also said that the company's consolidated overheads, before any capital expenditure, were also expected to be higher than previously indicated. The company did say that it still believed that, within the company's portfolio, there were technologies which could produce significant value on commercialisation - investors weren't so sure. A thorough strategic and financial review is now to be undertaken. Bear raider Evil Knievil revealed that he had made 150,000 pounds from shorting this stock. To find out his very latest thoughts on where next for Bioprogress and his latest new shorts

Ugh! Evil Knievel's latest new shorts? I hope he won't show us while wearing them.

Bones,

hear hear!

I do not hold bprg but I had to see what all the fuss was about isn't this just a minor set back TABWRAP is not operational till 2006, this is a great opportunity to average down.

It is intended that the TABWRAP machine will be fully commissioned, operational and ready to install into one of a number of interested contract pharmaceutical manufacturers during the first quarter of 2006.

Wasn't 100p a great price to average down ... then 80p ... then 50p and now 30p ????


I don't think so.

Dil
Yes I know the saying falling knives and all that, use the 20% rule in reverse when it hits the bottom and goes up 20% buy back in, in this case you would have sold at 104p and still be waiting to buy back in.

Dil, do you know that I could spend the money I received selling my BPRG holding on buying them back and have 2.5 times the number of shares. Doesn't that sound like good business?

(postcards once again to Auntie Blodwyn)

In reality, (1) I have a holding in an illiquid share (JCR) that I don't want to sell, and (2) I wouldn't punt on BPRG again until I am convinced they have good management in place. The current CEO is in need of a lot of help on the board (assuming he can survive at all).

Driver is right to say that there comes a time when a share is so low that it becomes a recovery play but you have to be sure the seeds of recovery are shooting. Regus is probably the obvious example.

If I had a big spread of shares, I would be looking at BPRG as a possible recovery punt but it is too early at the moment. If anything, more bad news is needed to scare off all the buyers. There is still too much optimism among those not already bankrupted. It will probably come following the "strategic and financial" review being carried out. I always was concerned that they didn't have a top 4 auditor.

Bouncing on yesterday's oversell.

dont forget that all the day traders will start selling soon......many bought circa 27p.

Bet there having a party on the ADVFN thread !

BPRG has regain...buy now as it has been oversold.

hlyeo98 - 17 Nov'04 - 13:42 - 1323 of 1918

This is a good buying opportunity! at 73p - a bargain.

i think there will be further bad news, bit risky buying now i reckon...

i'm waiting for now...maybe a better entry point later!!!

Dil, I think short to-morrow for a little while. Only for the brave

Fred .... I'm waiting for the dust to settle , too volatile and unpredictable at present.