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.

Big Al - many thanks for your insight, you were certainly correct on Monday.

up 5%??

SEO down 8% and BPRG up 5%...... Something happening.

Its pretty much a foregone conclusion that BPRG are going to win the court case. Several BPRG/SEO shareholders have been attending the court sessions and providing detailed updates on the day's events (See ADVFN BPRG thread for details).

SEO down 12% today and falling fast. BPRG up 5%.

Yep, glad I hold BPRG, made some money on SEO then switched sometime ago, that looks like a pretty shrewed move at present. Basically the recent postings from the court case are saying that SEO have been changing dates on some correspondance which is not putting the company in good light with the judge. I have not attended court so only quoting other posts.

SEO down and BPRG up. Smart SEO investors will be selling and buying into BPRG. LOL! You know it makes sense!

Big Al - correct again on BPRG - what do you think for tomorrow?

The SEC filing was a good sign and a step towards the NAZ listing, many had thought that it would be further delayed.

From the, perhaps biased, court reports the case with SEO seems to be proceeding favorably for BPRG which should further influence sentiment.

Tomorrow again will be interesting

Good day for the bulls, volume better than yesterday by some margin, but still below the 25 day volume MA I use.

We did make the higher low, but after the initial markup, very little headway occurred. Can't find that overly promising to be honest. On the 2 occasions 62p or better was bid, the volumes increased. I think many called these as buys, but then why did the price retreat so quickly? There are still sellers in quantity and they are being reported as buys. Trade pages ain't worth diddly and despite what people think, MM's run a pretty balanced book overall. Would you want to be skewed one way or the other with 2-3% of the total shares in circulation getting turned over each day? No!

I've got my downtrend channel about 67p. It must regain that to indicate a chance of turning this downtrend around. I've got my short term EMA at 65p and my long term at 83p, both coming down, of course. Personally, it ain't bullish even if the short one turns up. Another week (roughly) will see the longer EMA reach that 75-80p region that must be regained before you can consider it going up IMO.

Overall, it's still down with 75p critical longer term and the money is still heavily on the bears. In fact, Monday's rejection of 70p on the RNS was pretty overwhelming in hindsight and it will be tough to crack that level.

Amazingly, this week's patterns are very similar to last week's. We should see up tomorrow, but doubt it'll finish above 66p. If tomorrow is a down day, then the strong bearish trend we're still in might just take off again.

Fundamentally, can't see the court case really having a bearing on the price. The official announcement is 7 weeks off minimum and we're in the closed period. It's not been able to break the trend on a raft of "good" news. It'll be interesting to see how it fares with none. Also, 9 out of 10 broker's notes are not worth reading, nor do they affect the price overall and most people don't believe the house broker's notes anyway. It's a bit like Bush, Blair and 45 minutes. I also think the Nas thing is a bit iffy. At the moment BPRG is just another AIM-listed biotech with high ambitions and little history with a mkt cap here of 60-odd million. Potential, probably, but this market is very nervous and the Nas has been going down since the start of the year with decreasing volumes since May. I think BPRG are too slow out of the gate.

aol - don't take anything I write as gospel and certainly do not trade it. Sometimes you get "lucky", sometimes you don't. You go on how you read it, but you always know when you will bail if it goes the wrong way. I'm having fun though.

Al
;-))

I believe its the "uncertainty" of the court case which is more of a problem than the actual outcome.

Markets hate uncertainty , quick decision would be in best interests of all parties but an appeal by either side and its back to square one.

Don't use MACD myself but I think its starting to look a bit bullish , maybe someone who does use it could comment - preferably someone not stashed up to the eyeballs with bprg :-)

Higher low definitely bullish, Dil.

Can't see a lot on MACD myself. It's been flat-lining about -4 since mid May. Histogram just been blue all week, but it's been higher. Nothing major IMO.

I can confirm I am not long or short even 1 share! ;-)

Thanks Big Al, Dil

A slow start this morning, seems everyone is waiting for guidance

a nice move up, even CAT claims to be long now!

Big Al, wots going on down ADVFN? Lots of buying? Has the case summaries been given?

aol , its true ... I just spoke to him.

Sorry Dil, I filtered you ages ago, can u call Big Al please.

Dil says there are a few nutters who have reversed and gone long - higher low I guess.

;-))

70p likely be a tuff nut short term.

PS - nothing I can find on court case, but bypassed about 500 posts as hadn't visited for a day or so. Them buggers can rabbit! ;-))

Lol Aerotus , who are you trying to kid ... your too nosey to filter anyone.

I think that the fabled brokers note(s) may now be close having been held over until the end (if not the verdict) of the court case and although wisdom has it that the note should not make a big difference it just might.

However I'll believe if and when it happens.

People on advfn are also very worried about Dil