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.

hyle...yes nasdaq,ubs probably as appointed us brokers,wyeth,court case,glaxo and septum,wafertab deals,etc etc....please I know alot more than you give me credit for!!!

September:


- Details of Nasdaq listings
- Possibly early court judgement, but Sept most likely
- New advisor - UBS, Merril Lynch
- Some institutions reaching 3% holding limit (UK)

- an uplift in bio / tech buying similar to Jan & Feb 03
- Broker note (maybe earlier if holding back for an rns)
- Nasdaq floatation
- Court judgement
- Institutions reaching 3% holding limit (UK & US (if relevant))
- US pharmas reaching 3% holding limit (if applicable or alternative SEC ruling)
- Possibly bids - ISP, Cardinal, other US suitor where synergies exist, but rejected
- Results
+ new director(s)
+ new manufacturing plant (US &/or UK)
+ maybe new license deal to coincide
+ progress updates of already announced licenses:
FMC
Perrigo
Aquafilm
Bristol Myers etc

Oct - December:
- US pharmas reaching 3% holding limit (if applicable or alternative SEC ruling)
- Institutions reaching 3% holding limit (UK & US (if relevant))
- Further bid rumours / approaches
- Wyeth FULL license, maybe earlier to coincide with court ruling in Sept?

Outside odds:
Vet deal
Septum
Bonus license
Expansion of license deals to existing licensees

Lets wait and see what happens. They might come earlier or later so don't count your chickens just yet. Lets wait for the surprises but a lot the above are factual dates.

IMO, September is the big push, with the build up starting next week into August. The catalyst for me is the Nasdaq listing and court hearing.

Why the drop ? Why are people bailing out on news of large investor ? What am I missing ?

Going down on lower vol.. it did the same around the 70-80p area....

and then what did it do?

Sit tight, the RNS was from 20th August, should turn shortly on the court case news and wyeth deal. DYOR.

Wyeth deal is already factored into the price..only impact will be down if less postive than expected. Court case should not greatly impact fundamentals either way. I think it's set for a slow decline back to around 90p. It's still a good price to take profits...can't see much more upside from here.

Personally I'll be surprised to see 90p not with all the news that has come out which is surely going to improve margins. if it does me thinks it won't stay there for long. All IMHO.

Copy of post from ADVFN
==
paulk - 2 Sep'04 - 18:42 - 59775 of 59776


Why's everybody getting excited because the price has fallen 5p???

It's risen by 50p in a very short space of time.

That's how it works. Some days up, some days down, but as long as the trend is up why worry?

One post by The Count hasn't done anything to the price. The price has dropped because of an RNS that was little understood and therefore people panick and sell, as well as the T-traders closing positions.

Man is one of the biggest hedge fund companies in the world and certainly the biggest listed hedge fund here in the UK.

Hedge funds short stocks that are overvalued and buy stocks that are undervalued. It shoulb't be automatically assumed that the position has arisen because of CFD's etc.

Man increased their holding in BPRG from 3% to over 4% in a very short space of time. This doesn't strike me as anything other than an investment by one of their funds in an undervalued stock which after thorough research, they have decided is a good solid investment.

Sometimes things are that simple.
==

TA has turned predominantly bearish..still predict a fall to 90p mark

Joe arsehole..finished at 99p...stupid dick!!!

My only comment is "buy the dips". It's on the up overall and so what if it drops to 85-90p.

Can't understand people - bitch during a downtrend they should have been well out of and then bitch during an uptrend during a natural pullback.

There's some right muppets about. Gawd!

Thanks Nematode for your very articulate comments. I'll continue to do my own research. I sold out earlier last week at 105.5 and I'll very happily buy back when this pulls back to 90p...if indeed it does. Either way I'm ambivalent because I was out of out with a 50% profit before the pullback. My view is still that it will reach the 90p level on a continued pullback in the absence of any new news...not bitching just stating my genuine point of view....buying the dips on any holding is a legitimate and profitable strategy. We'll see if I'm right in going short or not but in any case this company's stock will continue to move up over time I'm sure so good luck with your investment.

I was labouring under the clearly mistaken opinion that the objective of this thread is to provide honest assessments of where we each feel the stock is moving. Obviously it's all about posting only positive assessments.

joehargan1, Are you a day trader? cos you sound like one. However, I do agree with your medium to long term view.

"but in any case this company's stock will continue to move up over time I'm sure"

Al,

You said 'my only comment is' and then went onto make two more!!! LOL

I should imagine this share must be a Trader's dream, loads of volatility and I have to agree with Joe that if I was trading from a Chart perspective I would probably have shorted over the last few days. It will be interesting to see what happens next week. Personally I am 'invested' so will hope for a steady rise over the months to come.

Hope the North Sea weather is being kind, only place I have ever been sea sick!!

Regards

PTH

With the announcement from Man...do we think this is someone with
a large CFD position that Man have covered in the market?

Odd trades right now..

98.5p today!

pth

I have always been rather verbose! ;-)))

Lovely out here. Won't last long though.

I hear the verdict is out today. Anyone confirm?

what verdict?

I assume the SEO crap.

100p today