It has come down a long way but the chart seems to indicate that the price is still way over inflated. Is this still a good shorting opportunity?

gallick, could you please explain what you mean by "the chart seems to indicate that the price is way over inflated"?. I just hope we dont have others on the board who short based on TA rather than TA and fundy backing.

Seems to me you are saying that the institutions who lobbed out 10.5 million in the recent pricing at 110p have got the growth story terribly wrong, not only that but all indications point that the company could have placed 10 times that amount and it would have been taken up.

By all means go ahead and short the company, my feelings are that you will be badly burnt on your actions. Good luck.

cheers GF.

And I thought it was only 3 times over subscribed and anyway imo most institutions are run by muppets who couldn't outperform a tracker fund.

Dil, so lets forget about the history of BPRG, lets say we know nothing about it and it is called company X.

Are you really telling me in all honesty you would short company X on the analysis of a chart and a chart only?.

cheers GF.

I have bought and sold shares based on a chart only with no regard to fundamentals although sentiment / momentum also plays a part.

Best guess based on the bprg chart is that they will fall to the 80p level but as it has already fallen about 35% in the last 3 weeks the risk of opening a short is now a lot higher.

Saying that a fall below the psychological 100p level may trigger stop losses and accelerate the fall.

GF , how many companies with good fundamentals got battered along with the rest of the market between 2000 and 2003 ?

Crowd mentality and sentiment are very strong influences regardless of the underlying fundamentals.

Good luck.

Dil as you say...............

"although sentiment / momentum also plays a part."

Therefore you dont short just on the analysis of a chart.

cheers GF.

The chart is a visual representation of that sentiment / momentum.

Think your playing with words now Dil, we could say that with some real dogs in the market who are flying high on charts pushed on by momentum and the lunatics who initially pushed BPRG up to 160p, but when one looks into the accounts and balance sheet of those businesses we find nothing but fresh air.

cheers GF.

Yep I totally agree but as TDC told me back in 99 when I argued that the fundamentals of some companies wouldn't justify the price in a 100 years time ... make hay while the sun shines.

Wise words , meant I didn't miss out on the tech boom even though at heart I never believed in it.

Agree with you there Dil, made a small fortune out of the dot com boom and yes I admit to momentum investing at the time, I and anybody else would have been barmy not to.

That was a one off though I think you will agree. It was knowing when to get out then that was the trick and fortunately I flogged the lot in mid December.

Anyway best of luck we both have a differing opinion on this share at the moment.

cheers GF.

All comments of mine so far on bprg have been based on charts / sentiment / crowd behaviour and were more relevant at a higher price.

I do have some reservations regarding the fundamentals which I don't wish to air on here but will speak to the Count about next time we talk.

Hope it works out for you GF , regards.

Bear trap for shorters....beware

Would you like to try to justify that comment ?

Dil

I am intrigued by your 'reservations regarding the fundamentals' of BPRG and wondered if you could be persuaded to explain?

Rgds

PTH

by courtesy of Vigilante Man and the MW bb.

'Over the next 10 days or so I'm staring down the barrel of a gun on 3 of my T+ trades so decision time beckoning hence spoke to GH earlier today.
Firstly have to say what an immediately impressive bloke to speak to as he took the time out of his busy schedule to respond to my call without delay.
Without going verbatim I got the confirmation I required that between now and 31 March the broker note will be published preceded by another announcement, and I have a strong feeling this is likely to be next week.

He is acutely aware that the share price is being distorted by the stock being heavily shorted although this should resolve 'very soon'. He went out of his way to assure me that nothing had fundamentally changed since Bio stood at 1.50+ and seems so enthusiastic about the 'multi technologies' yet to come.

Hope this helps anyone hanging in by their fingernails!

Closed my short and bought in market. Missed the bottom though, never mind.

Well gf and others, thanks for talking me out of it...I might have lost my shirt.
Regards

No probs and somebody switch the lights off and close this thread!!!!!!!!

82.25p yesterday!

Well gallick, it looks like you shouldn't have been talked out of it

BUT the shorting is over now & we are going back up.

Of course, long term holders will be unaffected when it recovers IF they held their nerve.

I'm amazed how such a good company can fall so far.

Well be prepared to be amazed again next week !