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1000 shares at 8.45 pre market... strange, don't you think?
"I am looking for 12-15 at least in next few weeks."
I agree, BMTI was taken down today on low volume to shake out weak holders (MM Games, imo). I am Long BMTI. FDA approval is expected in 3 - 6 months. As we get closer to FDA approval for Augment, $12 - $15 will be the cheapies on the way to $18 - $20, imo.
Ceo bought 100k, big deal...
Agreed. Stock is lower than CEO buyins last week. Good entry here.
I see today as a low volume shakeout and a good opportunity to add shares, imho.
doesn't look like consolidation to me when down 3%
Low volume, healthy consolidation before the next leg up, imo.
seems toast for now
agree that long term, prospects are encouraging but short term, i don't see it going to 12 in the near term
BMTI is holding up well on a down day. This is a good sign!
MACD is nearing bullish crossover as BMTI is set for the next leg up, imo.
CEO and INSIDERS purchasing from open market... CEO was previously apart of the FDA panel.. panel approval... highly undervalued
A new Patent was awarded to BioMimetic Therapeutics on May 17, 2011.
Patent # (7,943,573)
"Methods for treatment of Distraction Osteogenesis using PDGF."
View the patent here:
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=7,943,573.PN.&OS=PN/7,943,573&RS=PN/7,943,573
Distraction Osteogenesis Info:
"Distraction osteogenesis, also called callus distraction, callotasis and osteodistraction is a surgical process used to reconstruct skeletal deformities and lengthen the long bones of the body. A corticotomy is used to fracture the bone into two segments, and the two bone ends of the bone are gradually moved apart during the distraction phase, allowing new bone to form in the gap. When the desired or possible length is reached, a consolidation phase follows in which the bone is allowed to keep healing. Distraction osteogenesis has the benefit of simultaneously increasing bone length and the volume of surrounding soft tissues."
Possible uses of distraction osteogenesis
Although distraction osteogenesis is most often used in the treatment of post-traumatic injuries, it is increasingly used to correct limb discrepancies caused by congenital conditions and old injuries.
A list of the possible uses of distraction osteogenesis are as follows:
Congenital deformities (birth defects):
Congenital short femur;
Fibular hemimelia (absence of the fibula, which is one of the two bones between the knee and the ankle);
Hemiatrophy (atrophy of half of the body); and
Ollier's disease.
Developmental deformities
Neurofibromatosis (a rare condition which causes overgrowth in one leg); and
Bow legs, resulting from rickets or secondary arthritis.
Post-traumatic injuries
Growth plates fractures;
Malunion or non-union (when bones do not completely join, or join in a faulty position after a fracture);
Shortening and deformity; and
Bone defects.
Infections and diseases
Osteomyelitis (a bone infection, usually caused by bacteria);
Septic arthritis (infections or bacterial arthritis); and
Poliomyelitis (a viral disease which may result in the atrophy of muscles, causing permanent deformity).
After tumors
Short stature
Achondroplasia (a form of dwarfism where arms and legs are very short, but torso is more normal in size); and
Constitutional short stature.
Cosmetic lengthening of limbs.
Source: http://en.wikipedia.org/wiki/Distraction_osteogenesis
This is good news! Another potential revenue stream in the future for BMTI
STRONG BUY!
BioMimetic Therapeutics Annual Report:
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDI4MjE4fENoaWxkSUQ9NDQ1MTAxfFR5cGU9MQ==&t=1
BioMimetic boss adds to holdings
The week after his company's latest regenerative bone product received a positive recommendation from a Food and Drug Administration panel, BioMimetic Therapeutics Chairman and CEO Sam Lynch cut a check for more than $100,000 to add to his stake in the company.
Source: http://nashvillepost.com/blogs/postbusiness/2011/5/20/biomimetic_boss_adds_to_holdings
About time I was thinking I was 100% wrong on this good thing I stayed in.
Another Insider Purchase!
BioMimetic VP / Regulatory & Clinical Affairs
Russell Pagano
Purchased 1,900 Shares of BMTI @ $7.9493 on 5/19
http://www.sec.gov/Archives/edgar/data/1138400/000120919111029907/xslF345X03/doc4.xml
BMTI BUY CONFIRMED!
BIOMIMETIC THERAPEUTICS INC
Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 04.26.2011 (23) days ago, when the stock price was 13.9700. Since then BMTI has fallen -43.09% .
BUY-IF is confirmed by a white candlestick with a higher open. The buying price is today's open ( 7.7400 ) according to the Rules of Confirmation.
Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a BUY-IF confirmation but today it is. The market opened with a gap up and the day’s activity resulted in a close higher than the open. This is a valid confirmation criterion. The market is now ready for a bullish move.
We hope that you bought this stock . You should watch the upward gap in the opening, wait a bit, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.
If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any.
Source: http://americanbulls.com/StockPage.asp?CompanyTicker=BMTI&MarketTicker=NASD&TYP=S
Isn't there options expiry tomorrow?
The shorts are going to get squeezed big time! Do not let them get your shares BMTI longs!
BMTI CEO buys 10,000 shares at $7.90 and 3,000 shares at $7.75 today. The President and CEO of BioMimetic Therapeutics filed a Form 4 today with the SEC. The CEO is buying BMTI stock at these levels. STRONG BUY!!!
Sec Filing: http://www.sec.gov/Archives/edgar/data/1138400/000120919111029613/xslF345X03/doc4.xml
BMTI had a great day and candlestick analysis indicates a trend reversal / Bullish Harami Pattern was formed today. The volume is drying up, indicating the sellers have the upper hand. The RSI and STO have bottomed I would not be suprised to see a gap up over the next few days as the shorts scramble to cover. According to http://www.shortsqueeze.com/?symbol=bmti&submit=Short+Quote%99 BMTI short interest actually INCREASED 4.07% today to 1,341,400 shares short!!! The average daily trading volume is 181,000 shares. With volume declining, BMTI has the potential to rocket back to the $12 - $13 range over the next few weeks, imo.
BMTI closing near HOD will be a great sign
Oh no not buying on Margin just the OTC Margin calls on Ameritrede.
Would have got an assload more, but those damn margin calls...lol
The past few days were great opportunities. A few months from now many will wish they had bought more @ these levels, imo.
If people are loosing in some areas might want to check out DUG. I do own this, but please do your own DD.
Yeah I am holding fundamentally this is looking good I dumped my BCCI today, and all my profits into this.
It could go back there in an afternoon (ie it did exactly that a few days ago).
Like 15 minutes after the FDA panel news came across the Dow ticker I had my limit order at 9.20...lol well at least I got more cheaper.
true that. It's a crazy stock.
Yeah, but I am keeping my mouth shut I called this one last week and look what happened...lol
BMTI low volume today again - shorts will have to get squeezed some point this week
agree with you. float is tighly held with few names. not a lot of shares available, when this start to go up some people will scramble to cover... a lot of margin call in perpective. i am looking for 12-15 at least in next few weeks
I loaded up @ EOD courtesy of weak hands not wanting to hold over the weekend. I am very optimistic about the future of BMTI. The Augment Bone Graft and Injection products are very promising. Autograft (Traditional Bone Harvesting) is an invasive and painful procedure, and Augment is a game changer. BMTI will have a 'monopoly' with the Augment product line. Augment will undoubtedly be a cash cow for BMTI, imo.
Check this out:
BioMimetic Therapeutics Inc at Deutsche Bank Securities Inc. Health Care Conference Call from Tuesday, May 3, 2011 8:00 AM ET
http://www.corporate-ir.net/ireye/confLobby.zhtml?ticker=BMTI&item_id=3912177
8.01.... RSI 20
I agree. Extremely oversold. Buying on the dips on BMTI today. My guess is forced covering from 3 days ago. Looking forward to next week.
BMTI getting incredibly oversold 8.42 x 8.45
Buying on the dips.
Funny how all the BMTI bashers post in CAPS.
All CAPS = 0 credibility, eom.
http://www.thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&bg=1&sa=1&symbol=bmti
Yeah...I'm lost could be a crap shoot at this point.
I simply do not understand this trading. Chart was primed for a run and now we selloff. We have a 12-6 FDA panel rec for approval, a JPM price target of $17, a 35% price drop only a few days ago making us way undervalued, and imminent FDA approval yet we continue to slide = WTF!!!!!!
WM
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BMTI SEC Filings
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