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.

Fred - LOL!

scotinvestor, didn't know they made postcards 'that' big!!

BPRG up today again. Been doing well recently for a change.

Notice the quietness on this thread when that happens! That tells you something

Yeah totally agree, same with most boards, so many shorters on this bloody share... Long term hold.

son of harrow - 24 Jul'04 - 10:38 - 45245 of 45269

I think that it is worth taking a few moments to see where BPRG are and the current influences on the share price.

The court case is over. The SP low of the year was on the opening day of the case, which as I have said before was not a coincidence and since then the shorters have closed their positions and made their money. The MMs are now trying very hard to gather stock as are some of the institutions who through the direction of CS have made a great deal of money on this stock both on the way up and on the way down. The irony now is that whilst they are trying to gather stock there will this time, be no discounted placement for them to enjoy, no panic sales from medium to long termers, as those that might have sold have already done so and the others are going to hang on or even add to their holdings. The MMs and the institutions have now got to chase each other to find stock from a market where there are no sellers of size.

Let's now put in the fabled BN, which whilst we are on the subject I would have to say has been a lesson to GH in how not to handle PR/IR . Clearly, the decision to wait until he has the 100% of news has been a bad tactical mistake, which has let in the shorters and caused the price to drop to a totally unrealistic level. I am of the view that if the BN would have been issued with what they had in March the SP would have remained in the 1.20 - 1.40 range and the extra news and figures could have been added in due course. Note for GH - don't ever again mess around with dates to the market, you are now playing in a much bigger league.

The introduction of a quality broker, whomever it might be, for the US and other markets will add great credibility and will again generate retail demand for shares. Also these top brokers will make sure that they have a direct contribution to PR/ IR and that the likes of Bankside will either be sidelined or receive much stricter vetting.

That all sounds nice and positive and should shortly get the SP back to over the 1.00 level. Now let's have a look at a few decent announcements with figures, the move to the US markets, presentations to US institutions, a BN from the new broker - all of which are happening. From there we can start to see why the UK institutions and MMs are now trying very hard to gather stock. Isn't it ironic that having raped the company with their short termism, they are now trying to look for the medium term and can't find the stock. They have given nothing to the company and they deserve absolutely nothing as they are not professional money managers. The US managers will be much more interesting to watch.

If I was a tactician all the above makes a very interesting scenario. If I was a competitor or had a business operating within this sector when would I wish to make a bid for the company ? I would do it after the court case has been completed when I would have an idea of how BPRG are placed and before the move to the US market with all the hoo haa of the new broker,more customer announcements, a BN and all the added publicity.

Finally, we have to ask is, if all or even some of the above happens why would one sell any stock ? The institutions haven't got any to sell, the retail investors are going to hold on, the MMs are desperate to gather stock and the original investors BM and MB are not going to their maths below 4.00 - 5.00. In my view all this means that the SP high for the year has not yet been reached and that BPRG is now very much in play.

Thanks for posting, interesting reading, seems the shorters have moved off, on Ample they just disappeared (wouldn't answer any questions posed to them). I have been saying they are shorters but they deny this, now where are they... Glad I held and added whilst the price was so
low.

what was the result of the court case then?

Can someone shed some light on the courts decision?

Beautiful evening star completed today in the area where resistance should have occurred.

Wasn't sure with Friday's (+ve) shooting star, but yesterday's negative one and today's continuance looks like we've found an intermediate top for now right where prognosed.

Would still err to the short side until 80p is taken out.

Big Al-know your a scot but any chance of a little plain english;-))

Jays
No decision from the Judge likely until september, though it could be earlier. BPRG's Barrister's closing speech can be read on http://www.mysite2.co.uk/. You'll have to register (its free). Look under RNS and other. (Its the court case transcript).
It took me a good hour to plough through it. The general consensus on other BB's is that BPRG looks most likely to win on the first Patent and probably get something on the others. The SEO witnesses were inconsistent in giving dates etc which doesn't look good for them. The crux of the matter seems to be that the application of RF welding to the capsules was the inventive idea of a BPRG employee. This was then patented by SEO after they were asked to try it out by BPRG. Though the outcome isn't 100% certain of course until the Judge makes his judgement. What compensation etc given to BPRG by SEO if they do win we can only speculate.

emailpat - sorry. Candlesticks charting, which I use quite a bit. Good book by Steve Nison. Check it out.

Evening stars are a very strong "end of trend" signal.

We now see 75-80p as likely to be very tough to get through without an exceptional move. However, BPRG is known for its exceptional moves!!

;-))

Chooglin,
Many thanks, have a good one.

Big Al-thanks,the wife is a bit psychic,will ask her about these shooting stars and see if she can shed some light on this phenomenon called BPRG ;-)))

Are shooting stars like the old black holds where money or objects can enter and not be seen or heard about again?

Fred1new-That guy Stephen Hawkin?? I think, is looking into it!!;-))

Get educated boys and girls

http://www.equis.com/Education/TAAZ/?page=39




Perfect example, bang on support turned resistance.

LOL!

65p got to hold if 55p region is not to be revisited IMO.

;-)))

Strange that it went down more on the last couple of days on much lower vol? Vols not as low since June.
tomorrow will be interesting to see how the MMs behave