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.

Depends on your timeframe Snip (& Dil again!). You are taking a short term TA view, not a long term one. If you can give me the TA take on a five year view I will be glad to hear it. Given that the price was 25p in the middle of 2003 and it is 85p now, I would say the uptrend is intact regardless of whether the price hits 60p or 100p in a month's time.

I hold this as an investment (at 43p, 46p, and a lot more at 105p - average cost 73p) so the short term outlook isn't my concern. This is especially because my entire watchlist shows most smaller shares down 30% - 50% since February so it isn't a stock specific problem that I should get worried about.

I do trust that you and Dil are comfortably short for the interim :)

Cheers
Bones

no way will I be short bones. I`ve left those days behind me. Bones you are well within your comfort zone re BPRG but there are quite a few others who bought in at 100+. Anyway I`m not ramping or de-ramping or making any suggestions except to say that those who bailed out when it slipped through 100 could buy in on a bounce off 60 (ish) and therefore obtain more shares for the same money

Bones - I'm a contrarian. Been watching BPRG for some time, done me own research and asked around especially in US.

Probably got me timing all wrong (usually do) but when everyone says buy on the Boards that's when I look to sell and vice versa.

The following is from today's Mail.
Down from 147 3/4p in early March, Aim-quoted drugs equipment developer Bioprogress lost 10 3/4p more to 88 1/4p. The company is said to be 'at a complete loss' as to the reason for the sharp fall. An LSE statement could be on the way.

Snip - all valid points of course!

Gianni - very fair approach. My original stake was bought last August but I bought my extras at 105p in March this year after the rapid decline to that level and the subsequent bounce. I am disappointed (short term) that the 100p level did not ultimately hold but I think this is due to a technically weak market as a whole, not a company-specific reason (but not helped by the rabid speculation of imminent deals that will one day be announced!). This company is not blue-sky. It doesn't need trials, it has blue chip pharmas after its technology and its factories are gearing up.

Given yesterday's monster volume of over 9m shares, that suggested a degree of capitulation after the 100p broke. If so, that is a good thing as it cools down the shareholder base and lessens the volatility in the long run. That will start again when the big deals are announced.....:)

I think the shorters are out in strength on BPRG; not the time to be selling!
I am taking a long term view on these - at least two years. I am just not clever enough to catch all the ups and downs and am taking a chunky loss at the moment. But I don't have to sell so I'll sit tight and watch the roller-coaster.

I think the shorters are out in strength on BPRG; not the time to be selling!
I am taking a long term view on these - at least two years. I am just not clever enough to catch all the ups and downs and am taking a chunky loss at the moment. But I don't have to sell so I'll sit tight and watch the roller-coaster.

Bones , no offence I know what it feels like ... I still got a shedload of Energis but the writing was on the wall from Feb time. Think how many more you could be holding now if you had acted upon those signs , this isn't a pullback its a nosedive.

In hindsight this is true Dil, and to an extent I did do that. I sold some at 157, 139 and 114 (in reverse on the way up) but I more than refilled at 105 (after it came down) - admittedly with a small snifter at 146p (about 10% of the holding). I am content with my holding for the long ride now (it is in a SIPP) and am not prepared to be out when they fly up which could always happen on any given day. I am happy to have my shedload at the average cost I have. Appreciate the advice though but happy to be oblivious to the real world!

Bones

PS Good luck with EGS - have you tightened your stop yet?

Dil you plonker,this is not energis...don't make silly comparisons.This will be the next microsoft!!!!!!!!!!

and here`s me thinking there were sensible discussions on this bb and post 511 has just decimated the high standard of the previous posts. And who is calling who a plonker? Don`t you realise nematode that you should never use the word `if` or `might` in other words `guesswork` but then again they are words used by the un-educated when it comes to stock decisions

Bones , I tightened my stop all the way down from 90p where I bought. I had a zillion chances to get out but ignored them all.They are in my SIPP so happy to sit on them for the long term :-)

nem , I heard it was GE !

Dil :)
We've all done it - I hold a bucketload of PRSC and even added at 15 and 16p (now that is being a plonker). I'm working on the fact that it's a cyclical stock - I just haven't worked out whether the next growth cycle will be before or after the next Ice Age.

Bones - could be a dcb or the start of a recovery. Too many open positions in CFD's/SB's imo (including mine!!). Watching WINS closely ;-)

Sold down to 76p now. I can't hold on any longer. Sold! Was 74p earlier.

im riding through this one, back to triple figures soon I hope. Merely a reflective period!I don't think bprg is a company that can tumble this far, in such a short space of time and without any overwhelmingly apparent reason (considering its pottential and position) and not recover-it is not logical or sustainable.
Information on this thread seems to have run a bit dry.

Tristan, I feel the same about BPRG, but the problem is i have thought like this about other stock for about 3-4 years now. Some are coming back slowly and all I hope is that I live long enough to say I was right.!!!!

Shit, if I had sold half way down would I have the courage to buy at the bottom and made a bon bomb.

Buy when it forms a bottom don't try anticipating one.

BioProgress - developer of materials to make drug capsules that do not use animal-based products - has long been a target of gossip on internet bulletin boards. Late last week speculation ran rife that US-based International Specialty Products had made an informal approach to the company and been rebuffed
http://www.guardian.co.uk/business/story/0,3604,1219106,00.html

Also from the Indy

Bulls of Bioprogress have had a terrible time over the past two months. Shares in the maker of capsules for the pharmaceuticals industry peaked in March at around the 140p level but have been on a downward trajectory since. Bulls yesterday desperately tried to give the stock a boost by suggesting that the group had received an informal bid approach from the US-based International Speciality Products. Bioprogress has in the past been linked with ISP.

But sources close to the company played down the significance of such a move. They argued that Bioprogress regularly receives informal offers from larger players, offers which in the past it has always knocked back. The company is believed to have done exactly this with ISP's latest suggestion. And so shares in the capsules group continued their decent, falling 11p to 74.5p.
http://news.independent.co.uk/business/analysis_and_features/story.jsp?story=522305

Fills pages in newspapers I suppose.

Where's that ramping git nematoad these days ?

Still bullish as ever!!!!!!