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Rebound or not? Drop more than 50% on friday (BGC)     

ckmtang - 17 Nov 2003 07:33

BTG rebound or not?

hangon - 21 Nov 2003 12:32 - 5 of 5

The lack of (BTG management) News is worrying:- has the (US )FDA still not sorted out their paperwork? Is the delay this end? - I doubt that, as BTG seem to be pretty open, to date. If new trials are demanded, BTG may have to rethink the launch in USA.
It's wait and see.
I've sold my punt as the price has slipped back - no-news is bad news IMHO and any news is going to spell d-e-l-a-y whatever the status of the trial-data collected so far. Let's hope the data can be used.
Since this share is "news-driven" my guess we shall see a dip below 150p before things (again) get interesting. I remain a long-term holder; but I'm playing the news as well.
BTG needs to deliver PDQ, some Sparkling Good News.
For, as soon as puners feel Xmas seasonal, ( only 5 weeks away!) their thoughts will turn to Christmas-Present and not varicose vein treatments. Expect trading volumes to decline until something triggers in the New Year.
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