Biosensors   

Is Biosensors a good buy?

Big drop last week for the stock, from S$1.58 to 1.425, about -10%,

large volumes were on Tues. and Wed,  past one year's gain has been totally

wiped out. Now it's -17% from the one year high of S$1.70

  Wonder if this is a good entry point for a long term, say, 3-5 years,

investors?

  Thanks

Tan

 

Biosensor drop below the trough support of 1.54, so it will keep dropping till new trough form.

 

This management caters to big investors only.  There is nothing for  retail investors. When it comes to compensation for the management, I will always vote against them.

ricourean      ( Date: 20-Apr-2012 17:14) Posted: Grant of shares options on 30 march is based on price of 1.505 and grant of shares to chairman require him to hold for 3 years. Not shure if there will be newer options or issue of new shares to new parties at price lower than 1.505. But  at least we can be quite sure they believe share price should be above 1.5. Current price of 1.425 is cheap though  no gaurantee they could not push down lower first before letting it rise. If there are new options or new shares to be issued to new parties in coming days, they will likely allow share to go up from recent lows first- or else it become too obvious that there is share price manipulation

 

Grant of shares options on 30 march is based on price of 1.505 and grant of shares to chairman require him to hold for 3 years. Not shure if there will be newer options or issue of new shares to new parties at price lower than 1.505. But  at least we can be quite sure they believe share price should be above 1.5.

Current price of 1.425 is cheap though  no gaurantee they could not push down lower first before letting it rise.

If there are new options or new shares to be issued to new parties in coming days, they will likely allow share to go up from recent lows first- or else it become too obvious that there is share price manipulation

 

Thk u for the info.  I still see continuation of price suppression at below 1.44 as shown by the large Ask volume which is accordingly adjusted to overwhelm the Bid volume. Clear manipulation. Not another 5 days average price business again by the Mgt.

chanting      ( Date: 20-Apr-2012 16:02) Posted: Buyer start to slowly creep in, limited   drop, As I've suggest earlier $1.425 .....loading in more, its cheap now.

 

Buyer start to slowly creep in, limited   drop, As I've suggest earlier $1.425 .....loading in more, its cheap now.

 

everyday is cheaper....who dare to buy

 

It is very unfortunate that a good growth stock with biosensors is been played so much, but this is the reality. However in the longer term once they get the greenlight from china it is good to go. I have spoken to one of their staff to find out more about their operations and business strategy and I feel this company do have   a solid and sustainable plan to go further. I am not vested btw, but good luck to all those vested. :) 

 

Well manipulated stock. Again tried to rise above 1.465 but got hammered back down so they're trying to float it below 1.45

  Once it manage to go above 1.46-1.47 suspect it'll start creeping.

This manipulation has caused quite a few to bleed. It was a scary drop almost akin to a economic collapse.

 

 

I have a feeling the road block at $1.455 will continue till next Monday so as to fullfill the 5 days stock price average at $ 1.45 if there is any corporate action announcement to be made.  If not, then my guess is wrong.  This round of selling most  likely is  by Fidelity again . Waiting for company announcement these few days.  Could Fidelity holding be served as  a hatchet-man function serving the manipulators??         Wow,  certainly sounds like a good detective piece to ponder over!!

ricourean      ( Date: 19-Apr-2012 11:50) Posted: At least looks like selling done, but fears remains. Give it a week and will see price starts creeping up.

 

its the overall sentimental that affect the vol, notice few of the norm high vol counters are low in vol too, we are not alone....market now is at " fear overcomes excite" condition, once this fear factor gone, we may start to see our buddy starts to enter the market again....This 'less than 5million Ave Vol per day' is normal for bios

sinisteral      ( Date: 19-Apr-2012 09:57) Posted: Volume's gone today (for now). May take a while to break upwards. Hopefully not that long.

 

Good to hear even CHANTING is saying price is " in favour to go into the  1.50 region." Indeed I fully agree and this should come next week.

Still believe this stock will go back to around  1.575-1.58. once we are in May.  .

 

At least looks like selling done, but fears remains. Give it a week and will see price starts creeping up.

 

Volume's gone today (for now).

May take a while to break upwards. Hopefully not that long.

 

 

Thanks and you are not just chanting but really giving fair objective advice. Good luck to all.

chanting      ( Date: 19-Apr-2012 00:55) Posted: This counter is yet to confirm because its already a flag pole form without the flag.... From TA point of view, althought this counter is on a downtrend, the volume is justify for the high volatile rise /fall this 2 days, stockhistic is in favour, as well as RSI.... But most worry is MACD and the MAs.... If i were you, i'll wait for a few days to verify is it a bullish/bearish flag before buying/ selling into action, but then Buying/ Selling now is consider 50/50 From the info on my side , what I can say is, this counter are in favour to go into the $1.50 region next week when the 'exchange of hands' has done after Monday....most important is to watch the buy/sell vol now and open up all chart before trade... Just an advice, GL in your vest. stockmarketmind      ( Date: 18-Apr-2012 22:24) Posted: this stock is gone case for the moment. Its hard to climb up temporarily

 

1.4 here we go

 

 

This counter is yet to confirm because its already a flag pole form without the flag.... From TA point of view, althought this counter is on a downtrend, the volume is justify for the high volatile rise /fall this 2 days, stockhistic is in favour, as well as RSI.... But most worry is MACD and the MAs.... If i were you, i'll wait for a few days to verify is it a bullish/bearish flag before buying/ selling into action, but then Buying/ Selling now is consider 50/50 From the info on my side , what I can say is, this counter are in favour to go into the $1.50 region next week when the 'exchange of hands' has done after Monday....most important is to watch the buy/sell vol now and open up all chart before trade... Just an advice, GL in your vest.

stockmarketmind      ( Date: 18-Apr-2012 22:24) Posted: this stock is gone case for the moment. Its hard to climb up temporarily

 

this stock is gone case for the moment. Its hard to climb up temporarily

 

so u sayin  BB vs BB?? hahah

joker

infancybird      ( Date: 18-Apr-2012 11:42) Posted: Agreed with your view but need to be gentle in language used. Current firewall at $ 1.455 with quite massive road block installed by BB. Need another gp of BB to break it.  chanting      ( Date: 18-Apr-2012 11:36) Posted: You're investor that holding on long term while we are speculators / traders so which way its goes I really dont care, as long as we make $  in market and that's the most important....

 

Similar to what I pushed out earlier. 

They were too diplomatic to point to the fact that it's possible manipulation.

Earlier someone mentioned that they were trying to keep the price below 1.45 which seems to be true considering how it's getting hammered down everytime it tests 1.46

Oh well...wait and see.