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.

Here you are HM, might be best to print it off and 'keep it by the breadbin' lol. Cheers GF.

Trade Types


Trade Types


The London Stock Exchange has several types of trade.

Each has a one or two letter code.This is a complete list of the codes.

'O' Ordinary Trade (System will delay if over 6 x NMS)
A standard trade made through the Market Makers and dealt at normal settlement date.

'B' Broker to Broker
A transaction between two member firms where neither firm is registered as a market maker in The security in question and neither is a designated fund manager.

'EU' Euro Automated Trades

'ER' Euro Trades

'K' Block Trade
A transaction using the block trade facility.

'L' Late Trade
Late trades, as the name implies, are trades that are reported to the Stock Exchange some time after the trade has been executed. There can be a number of reasons for this. Stocks have a market size, the size varying with each stock. If a trade is executed that is six times the Normal Market Size then the market makers, for stocks traded on the full list, do not have to report the trade for 1 hour after the trade was executed. Once reported, this would show as a late trade. A trade would also show as being late if the bargain had to be amended for any reason, like an alteration to the settlement date. Once the bargain was amended, the amended bargain would show up as a late trade.

'LC' Late Trade Correction
A correction submitted more than three days after the trade date or where deferred publication is permitted at any time after the trade report was submitted to the Exchange reporting system.

'M' Market Maker to Market Maker
A transaction between two market makers registered in the security in question including those executed through an inter dealer broker or a public display system.

'N' Non Protected Portfolio
A non-protected portfolio transaction or a fully disclosed portfolio transaction. Normally a transaction of a number of stocks dealt with by one market maker at an agreed discount to the market price.

'NM' Not to Mark
A transaction where the Exchange has granted permission for non-publication.

'NR' Non Risk (SEATS Based Segments only)
A non-risk transaction.

'P' Protected Portfolio
A protected portfolio transaction or, if reporting a trade resulting from a worked principal agreement for a portfolio transaction. Like a non-protected portfolio, but the price dealt at can be amended if the market maker manages to make a 'good' profit.

'R' Riskless Principal transaction at different Price
A riskless principal transaction with two non members, where the two transactions are executed at different prices or on different terms (this requires two separate trade reports). This happens often on a trade where commission is not charged. Instead of paying commission, the client will pay extra for their shares.

'RO' Result of Option
A transaction which resulted from the exercise of an option.

'RT' Risk Trade (SEATS Based Segments only)
A risk transaction.

'ST' SEAQ Trade
This is used for the single uncrossing trade, detailing the total executed volume and uncrossing price as a result of a SEAQ auction.

'SW' Stock Swap
Transactions comprised in a stock swap or stock switch (one report is required for each line of stock swapped or switched).

'UT ' Uncrossing Trade
This is used for the single uncrossing trade, detailing the total executed volume and uncrossing price as a result of a SETS auction.

'X' Cross at the Same Price
A transaction was effected as an agency cross or a riskless principal transaction at the same price and on the same terms (this requires one trade report).

'AT' An automatic trade
An automatic trade generated by the SETS system through the order book.(Level 2)

'PA' A protected transaction
A protected transaction at the time that protection is applied.

'PC' Post Contra.
Used when reporting a Contra Trade when the contra date is not the trade date.

'T' If reporting a single protected transaction.
A protected transaction occurs when a large order is going through the market. The buyer (or seller) may wish to keep the order anonymous from the rest of the market as the size of the order could greatly alter the price of the stock. With a protected transaction, the dealer will put the trade through in small quantities rather than knock the whole order out in one hit. The entire transaction is reported once the deal is completed. The LSE is notified at the start and at the end of the transaction. However, the market as a whole isn't told until the end, thus the order is protected.

'WN' Worked Principal Notification.
If notifying the Exchange that a member firm has entered into a worked principal agreement for a single security.

'TS' Test Security.
If using a test security to test trade reporting.

'WT' Worked Principal Trade.
If reporting the trade resulting from a worked principal agreement for a single security.

'CT' Contra Trade.
Used to publish a contra trade in a previously automatically executed trade through the order book.

'AI' Automated Input facility.
If reporting that a member firm has disabled its automated input facility in response to a request from the Exchange.

'PN' Worked Principal Portfolio Notification.
If reporting that a Member firm has agreed to take on a worked principal agreement for a portfolio transaction.

'VW' Volume Weighted Average Price
A transaction that was effected at a price based on a volume weighted average price over a given period.

'RC' Regulatory Conformance
This is a test segment for which no trade reports will be disseminated.

GF, Thanks for taking the time to post this.
Kind regards
HM

gf, I thought you added just the other day?
Will be interesting tomorrow with what happens, I'm holding until tomorrow and if falls I'm out, only to return at bottom of fall with more shares than I have now. Knowing my luck, if I sell today, news will be good and hit Mitzys 200p!!

andysmith - how would you know when the bottom has been reached.

Andy I did add the other day thats one of 5 tranches I still have left in. Ive sold the tranches that i first bought at between 45p and 89p. Thats the beauty of tranche buying and selling you just keep a rotating hold going. I use different online brokers so it helps to keep them apart especially when you are nearlly fully invested.

cheers GF. PS, bloody awfull day all round.

I've taken my profits thanks for the tip GF--cheers MP

gf, sold one of my two tranches at 150% profit. Why? Locks in some profit and tomorrow I'm taking the missus away for the weekend so can't keep in touch with what happens. Now whatever happens I have profit plus I still have >50% of my holding now running as freebies. Even if the news is good and it flies, I have profit and shares and I believe it will come back again between news of Ruthenium. If any delays to genvax or speculators make it fall I can get some more with the cash I've made but this time more of them. Either way the MMG story and portfolio is good but now I can relax this weekend with cash locked in! MMG still one of my 3 tips for 2005, the others were SEO and IDS!!
Not a bad year so far, crap today though!!

Excelent stratergy Andy especially when you are away from the PC. Have a good weekend.

cheers GF.

Well it hasnt turned out as bad as I thought, but weve still got a lot of speculators in I reckon. Tomorrow could be all about timing wether we get good or bad results.

cheers GF.

I'm in all day tomorrow so I'll be ready.

MS

Goldfinger - yet another excellent stock pick by yourself.

Congratulations.

What ever happens.

Fingers crossed for good ones, it could all go wrong. Another sleeples night. Anyway Ive bought my ticket for RIO just in case, if you hear nothing from me for a few years watch out for me in the Brazilin crowd at the next World Cup alongside Ronaldos ex bird.

Please remember though stay glued to your screens and take a look at the RNS's coming through at 7.00am.

cheers GF.

if its a bad news what level the sp could go.and will it be worth holding long term to get your losses back.

Lets wait and see first a180. I think we will be OK but im not sure how the price will react.

cheers GF.

thanks.

No RNS yet then, we must be getting it after the meeting at 11.50 am.

cheers GF.

A flat start is a good start.......... Not leaving the screen this morning,

is that 5000 trade a buy I wonder @ 175p I would think so

Not leaving the screen Rob, hope you have a strong bladder LOL. Joking aside I think therel be a lot of us not leaving the screen this morning.

cheers GF.

If it goes well gf. it will be straight to the pub at lunchtime, then the lav.lol.
i have built my holding since bioscience innovation days and might be tempted to top chop today for the first time but will keep a core holding for long term

rob