Biosensors   

Is Biosensors a good buy?

heeellooo.. louis... you are here , ha ha... walau,. today your first buy arr... what a bargain...

i will join the boat tomorrow too~ cost averaging~

louis_leecs      ( Date: 09-Jul-2008 22:05) Posted: hello,,,,hi...im hear first time invest tis baby,,,,,,my ah moh remiser say tis badly baby going to reverse liao,,,,,,,,today is my first day buy tis baby,,,,,,,hope bb from gg accumulate enought liao,,,,,,my ah moh remiser buy ur limited,,,,,,,,,buy low ,,,,,,,oil q stable and dow jones may recue by usa government,,,,,,,,cheers,,,,,,buy call

 

Biosensors'  Balance sheet as at end mar 2008 shows cash and cash equivalent of approx US$54m. Terumo is paying US$40m for licensing revenue upfront.

Total cash in hand is approx US$94m, or S$127m. This does not take into account their cash expense per mth - Much will depend on their sales revenue coming in from the Bio-matrix sale.

For info only.

 

yea... cashiertan and i don't always agree with each other's reading on counters. since we're all independent practicioners. so really, when two or more people agee (trader88 holds the same TA view....), there's gotta be something there. note that this counter falls on back of a broadly rising market.  

and this is where i'll contradict cashiertan. hehe. DCA is a good strat: BUT, you must know the stock you are using it for; who are the players in it; what is it supported by, and your timeframe. Personally, as with china plays, i wouldn't use DCA on this counter at all.

for the sakes of the good people in here tho, i should hope louis leecs is right and the counter goes up.

trader88, no problem with what you said.  i had said what i did because some time back, there was this huge whole debate about TA vs FA, and "one's better than the other", when really, if a person can't read charts, he/she's much better off doing longterm investing via FA. and vice versa for the shorter term folks. i do agree that application of FA ala Buffett's strict criteria doesn't quite fit the s'pore market tho: we're simply too small.   

 

It is not surprising that Biosensors has dropped so much - In the current climate of fear,uncertainty, when it break below its recent support of 0.65, and test its all time low of 0.58, there was some feeble attempt to bargain hunt.

Unfortunately, the support was not strong enough, and I believe that buyers at the 0.65 cents level and even the 0.58-0.58 level have probably become sellers, resulting in even more bearishness.

Typically, when a stock is falling, it often goes thru 2 rounds of selling, the due date + 2 syndrome, when buyers have to pick up or be focred sold by the broking house, (approx 5 days), and then another 5 days for those who bought at the end of the first 5 days, etc.

Sometimes, the hangover may carry on for a few more days, etc.

No one knows when the selling will stop - Probably only when serious buyers emerge who will buy and hold, without throwing it away at the slightest hint of drop.

Bottom line - Is there value in BIG at current prices ? At current price of 0.50 cents, mkt cap is approx S$500m or US$367m.

What is the perceived value of its 2 CE marks, its proprietary technology, its china subsudiary JWMS ?

Only time will tell. For discussion - Not a call to buy/sell

 

 

 

hello,,,,hi...im hear first time invest tis baby,,,,,,my ah moh remiser say tis badly baby going to reverse liao,,,,,,,,today is my first day buy tis baby,,,,,,,hope bb from gg accumulate enought liao,,,,,,my ah moh remiser buy ur limited,,,,,,,,,buy low ,,,,,,,oil q stable and dow jones may recue by usa government,,,,,,,,cheers,,,,,,buy call

 

yeah elf is right as a TA follower we dun predict with TA but rather we are doing the probability game. we enter when probability are higher and keep out when probaility winning ratio are low. like for example i did not trade forex this week as the TA is not my ideal signals. keeping out of trading is also taking a position in trading.

 

Biosensor may have bright future but till the TA shows the brighter picture else it is going to be difficult to long it. 

 

seriously guys, i am sad to say this but do consider it when two or more seniors forumers mentioned the same views abt the stocks. Elf and me has warned to trade with care and more bias on TA for this counter at the moment. there is something which we dun know that are pushing the price down... 

 DCA may not be a good way to trade this counter seriously. in fact mentioned this again and again since i start join this forum. DCA works much better when u average up, not average down...

 

Closed at new low 50 cents.

 

22 Jul at 9.45. in Taurus Rm. Marina Mandrin Hotel.

lets the top 20 main shareholders, 7k lots and above, ie security firms Vickers, KayH, Phillip, HSBC, OCBC, Morgan Stanley etc to question them, esp issuing extra shares agenda.

AK no speaking right loh. Will put up my hand when there is any against option.

redash      ( Date: 09-Jul-2008 16:13) Posted: must question the new CEO/MD during the coming AGM leow. When the AGM?

 

beautiful word, ha ha

 

1 word: raped.

 

 

Someone who has been holding this one for TOO long decided to use the chance the market upraise brings to let go...

It went down as far as 0.505... Dizzled...

@_@

 

for it to go up, u will need rich ppl to support it and keep buying up lor...like bengster maybe?

where is he?

 

must question the new CEO/MD during the coming AGM leow.

When the AGM?

 

Down for so many sessions.... Any chance of rebound soon? Usually will, right? But don't know when??? Any comments form experience traders??

 

 

jiat lut, market good it goes down and losing strength. must question the new CEO/MD during the coming AGM leow.

 

When I mentioned TA vs FA, I did not mean the practitioners, but was merely referring to the teachings. 

 

elfinchilde

Well said! Please do not get me wrong. I am not against people who are on TA. Like what you said, it is all about individual's character when it comes to trading.

When I was very much into FA in my earlier years, FA did not help me make any money. It was only after I adopted TA that I started to make money. It is not that FA is ineffective, I guess it just does not suit my style.

The greatest FA investor on earth Warren Buffet was a TA practitioner in his early days.

elfinchilde      ( Date: 09-Jul-2008 14:15) Posted: It is not "doom" we are predicting, ironside. We're simply saying what the charts are telling us. Not that we are 100% right, but that by probability (which is what TA is all about), chances are that biosensors is going down. If the counter appears to be going up, that'd what we'd be saying, too. TA people are realistic people. We see the trend, and call it as such. as for the fallacy of people needing medical items, hence it's recession proof etcetc: we all need cars, public transport, retail goods, telecommunications, and in MNC form, banks, airlines, etc, too. But take a good, hard look at what is going on, not just in singapore but worldwide. There is no industry that is insulated from global pressures. "Need" doesn't stop a stock from going down in a down market. Where FA matters is when a market recovers, as that is when a stock will pick up, when the BBs decide that it is worth a buy. So the question that a biosensors investor needs to ask: when the market turns about, is this one of the stock picks of the BBs? The jury's still out on that, since historically, it'd take at least 14 months to recover from a bear. and eh....be nice, trader88.....some people do win on FA. not about one method = best. it's just what suits a person best. :)

 

i don't like 568 lots done at 0.505... short term, the price will be pressured... well, its about time to do cost averaging, heeee

 

my sincere apologies if my earlier posting offended you, my fren.. 

i'm holding on to my biosensors too...  juz like you i want it to gap up as well..  but the TA shows that it's on a downtrend and things ain't looking too good..  we juz wanna share share some pointers and i juz wanna pick up some learnings from the seniors here..  no ill intention harboured...

anyway, hope biosensors will chiong chiong chiong.............

ironside      ( Date: 09-Jul-2008 13:30) Posted: Another group of forumers has taken over this Forum - those predicting doom for Biosensor. I am still bullish on Biosensor, purchased another 10 lots yesterday at $0.56, though the price has slipped further, it is OK, as I believe at this price it is a bargain. I believe Biosensor will move north later part of this year, and as it is a medical item, we need it and has to use it, hence it will not be affected by the inflation, rise in oil prices etc....