Biosensors   

Is Biosensors a good buy?

For the past couple of weeks, STI dropped quite a lot. Im amazed on how well BIG has performed, plus the volume. I think the rumour that a medical device company is accumulating a strategic stake in BIG could be true. If a strategic investor wants to accumulate BIG's shares, they will want to buy cheap. But with CE around the corner, they have no choice as after approval it will be even more costly for them. This could be the reason why we are seeing very strong support for this counter presently despite of weak STI performance. Just my opinion.

Not an inducement to buy. Buy at your own risk. This is a highly volatile stock. I would like to warn forumers again........ NEVER CHASE A SOARING STOCK.

 

Has the CE cert clear custom already?

 

HUAT AHHHHHHHHHHHHHHHHHHHHH

Cheonggggggggggggggggggg Arhhhhhhhhhhhhhhhhh

Wat a fantastic breakthru..

 

yo.. cashiertan.. hope u r well..

wat's de chart showing for BIG and your feel...

Cheers..

 

Hi OkieDokie , maybe have share split too... but 1st must break the $1 dollar.... 

BIG cheong har......

 

Argh! when to see doc today just came back and see Big running again. thou it bounce off the $1, it may not be that bad as seem

Missed my ideal entry price at 97.5 region as mentioned below.

 

just noted there is some sales by Sub S/Hs yesterday

 

 

 

Bios hits a $1 in an otherwise ocean of reds ! No simple feat ! Used to be something brewing, now it looks like it is ready to be served ! Fantastics !  1.10..1.20.....1.50........2.00 !

 

Its $1...fierce buying. Hope its good news

 

HALT!!!

Who goes there????

 

I think that there is a window period for selling of shares for senior mgmt, etc. That is, within a certain period (maybe 30 days before announcing of results, just a guess on no of days) you have to sell. If you do not sell, then you can only sell after the results, which may be around feb 09-11. SO, if you need the money now, that could be the reason for selling - just a wild guess.

 

If CE don't come by end Jan '08...very likely it will plunge...

 

Copied tat wif thks..

 

Earlier i thought that he could potentially be holding more shares via share options with cheap exercise price. But that was not the case. What was reported was he real share holdings.

I think he is allowed to sell during this period under SGX rules for such sales because:
a. it is already public information that BIG may get CE approval in Jan 2008 (as per BIG's annoucement on 26 Dec)
b. the CTO himself would have checked the SGX rules for his share sale and don't want to be accused of "insider trading" by SGX.
c. he feels comfortable at selling some of his shares at $1. Many investors sold their shares much lower at 85cts after lifting of trading halt on 26/12 despite of knowledge that CE will come out very soon.

Also, if the CTO has knowledge that CE will not come (as some shortists have mentioned here) and he sells, he will be caught with insider trading! I think the CTO is not so stupid to end up being charged for insider trading.

 

Hi bengster, can further elaborate on CTO do not have any outstanding share options? wat's de implication? And wat's de 5.73% under his holding then?

Tks in advance.

 

Forget about getting email replies from BIG's investor relation dept. It hopeless and that is why i come to forums to do this job for them free. I have checked their share option scheme and the CTO do not have any outstanding share options.

 

a lot of trading volume.....very active.

 

hopefully it could break its resistence today.. damn strong man..

Tks for the clarification towards my posting.. heehee..

 

Yes ideas thats a good question. Are there any exceptions? Also as gbleng posted, surely if he knows something bad is going to happen and he sells then that will be insider trading . So in that respect I am hopeful that the CE mark is alright and is on the way soon ....gbleng you emailed the investor relations but i think they cant reply yet because I am sure they dare not for the time being.Here's hoping for a good tomorrow.

 

Was expecting it to contd retreat in price as STI was down alot today, however this counter still very bullish. my reentry price is around the closing price of 97.5 region. if gap up tomolo than see how, if open at closing price, than i will enter to buy. resistance at 1.00

as the momentum is only regain a little today, thus i will enter only 1/2 of my usual entry size. once momentum is back will average up

 

 

Are there exception if he has very good reason to sell and explain it to SGX even during the blackout period?