...says the anonymous poster w/ nothing verifiable to back up the statement. Umm-hmm.
Still loading up on BIEL. A little browsing led me to a story where one of the company top dogs states they are getting ready to move from the trial and development phase to more of a marketing phase. More ads, product recognition; that kind of thing. Coupled with impending FDA approvals (which as far as I can tell are nearly a done deal) and this thing could pop pretty soon. An independent analyst recently projected the company will trade at between .30 and .50 cents w/in 6 mos. (Check InvestorHub for the link). .07 could look like a steal next year. I'm in.
VFC's Take: Shep's initial comment refers to the first comment on the following post: Biotech Pullback
I like Shep's style, short and to the point; unlike mine, where sometimes I'm long in getting to the point.
My own comments to that poster who is predicting doom and gloom, I'll take your insight - there's a few out there on CNBC and FOX Business that talk the same doom and gloom, but while I consider a pullback possible, I don't see the same crash that we saw in March materializing again. The worst is behind us, in my opinion.
If your scenario were to play out, however, there might be a couple of biotechs and small pharma that go under, but I think that most of them with real potential in the pipeline have taken advantage of the recent run and have secured financing. I appreciate your comments, but I think that after Thursday's GDP report, a pullback to drastic scenarios is out of the picture.
Will the market retrace a bit? Yes. So have a bit of cash on hand to throw in - but don't fear rock bottom any more, in my opinion.
As far as BIEL is concerned, I'm with Shep. I'm not here for today's or tomorrow's gains. By this time next year - barring any unexpected setbacks - I think BIEL for 8 cents is going to look like a steal that investors look back on and say, "Why didn't I buy?"
BioElectronics is slowly moving from 'Idea' phase to 'reality' phase, and I do believe that as Acetaminophin moves out, ActiPatch has a good opportunity to move in.
I'm accumulating while this stock is below seven cents.
Disclosure: VFC is long BIEL.
5 COMMENTS:
Hey VFC (pardom me for my grammar, i might have had 2 or 3 more vodkas my body is used to), people are still doubtful the recession is far from over, but I am a positive thinker. My opinion is that we are 1/3 the way up on the recovery, and after that we can expect a "boom" on the economy. My question here is simple, do you only invest in biotech? or do you also invest on other sectors? As we all know, biotech is risky business, and I dont think there is a single person who invest only on this sector. The most part of my portfolio include strong companies like apple, etc...but i also like to have small biotech companies that mught give me some extra value. So besides small biotech comopanies, where else do you invest your money?
HI VFC:
I still have INSM, what is your take on these stocks? Any recommendation will be appreciated. thanks!
Hi everyone!!!
What a week!!!! We have two days to relax!!!
Nice weekend, and good luck!!!
Well, I'm not always so concise and to the point but I have my moments. Thanks for the kind words. I stumbled across this in a Google alert:
CEL-SCI Corp. (CVM) closed back above $1.00 Friday after hitting a low of $0.92 on Thursday. I have been warning of this fall ever since CVM broke below $1.60 in early October. There are basically no fundamentals but a lot of third party websites promoting this stock in the form of press releases. As for the technicals, if CVM can close above $1.20, I will jump in for a quick trade.. CVM needs to get back above the 10 & 50 day moving averages for a recovery to happen.
Don't know what to make of that. To say CVM has no fundamentals seems off to me. They have their swine flu vaccine in the works which is a big deal right now in the media plus they have their cancer vaccine in the pipeline. I'm over 100% gains in this stock right now but am looking for even bigger numbers down the road. What's our take on this?
What did you go as for Halloween? ...something small and creepy, a share of MHAN; something scary, a volatile share of SPNGE; something that know the meaning of pain, BDSI; or something that will blast you in the mouth, GNBT?
Yours truly,
A Concerned Citizen
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