EDEN Bioscience Corp. (EDEN)

[Dennisb68]

[surf1944]

EDEN is setting up to retest the high from a couple of weeks ago.

[sykes111]

it's not the # of shares that matter--i'm trying to repeat my original feat of turning $12k into $1.65 million--it's the thesis. i wrote the article showing how thestreet.com was wrong, they corrected it, i covered for decent profits. now i'm back in again on the morning bounce...its the process, the high percentage trades, one pump at a time

Tim
http://www.timothysykes.com

[surf1944]

EDEN will be closer to its 52 wk low than its 52 wk high in the coming days.

[petermic]

from RealMoney:

"An April 17 column, World Food Shortage Stock Plays, incorrectly described Eden Biosciences (EDEN) as a producer of the Messenger product. The micro-cap company, in fact, only markets the product through its small home and garden distribution business. TheStreet.com regrets the error. (Corrected April 18) "

[Dennisb68]

He shorted 1000 shares. Whoopeee, LOL

[petermic]

I disagree with you there. Seems to me that EDEN held on to rights to market Messenger to retail customers - Home & Garden - but the Stockpickr piece writes as if it's an agricultural play, a possible contributor to the global food shortage problem.

The Food Shortage is the topical issue of the day, and thus EDEN was pumped into that trend in error. Anyway, that's my take.

[petermic]

http://timothysykes.com/2008/04/18/why-i-just-shorted-eden-bioscience-corp-eden-thestreetcoms-factually-inaccurate-pump-and-dump/#more-853

[stanley01]

EDEN- you guys are wrong

Read the whole thing filing. They have an EXCLUSIVE license. The article was accurate.

As part of the closing, we entered into a license and supply agreement with PHC, pursuant to which PHC granted us an exclusive worldwide right and license to sell harpin protein-based products for the protection of plants and seed and the promotion of overall plant health in the Home and Garden Market and a royalty free, exclusive worldwide license to use the Messenger, MightyPlant and Harp-N-Tek trademarks in connection with the sale of our Home and Garden Products.

[surf1944]

I would agree with you on that, traders in the short term are going to get burned with this one. I set up the iBOX so I could closer follow the company.

[petermic]

this is just flat out incorrect - very irresponsible of Stockpickr on such a micro-cap stock. They need to do some fact checking before publishing.

"Another stock that makes the World Food Shortage Plays portfolio is Eden Biosciences (EDEN - Cramer's Take - Stockpickr), a below-the-radar company that produces Messenger, a highly effective and revolutionary agricultural product.

If you talk to any serious horticulturalists, they likely love the Messenger product. Discovered at Cornell University's School of Agriculture, Messenger taps protein molecules inside plants that trigger certain responses in cells that help them grow, to make them resist disease and to produce additional flower and fruit.

The farmers love this stuff and they want their crops to grow; Eden, a micro-cap stock, is likely to benefit"

[petermic]

On February 28, 2007, we sold our proprietary harpin protein-based technology and substantially all of our assets used in our worldwide agricultural and horticultural markets to PHC for $2.2 million and assumption of certain liabilities by PHC, including all of our obligations under our office and manufacturing facility lease, under the license agreement with Cornell Research Foundation ("CRF") and under our change in control agreement with Dr. Zhongmin Wei. We believe that this sale will enable us to reduce our future operating losses and liabilities, generate cash for our Home and Garden Business and preserve the potential future value of our remaining business assets, primarily our tax loss carryforwards. As described in more detail below, we retained the right to our cash, accounts receivable and assets relating to our Home and Garden Business. As part of the closing, we entered into a license and supply agreement with PHC, pursuant to which PHC granted us an exclusive worldwide right and license to sell harpin protein-based products for the protection of plants and seed and the promotion of overall plant health in the Home and Garden Market and a royalty free, exclusive worldwide license to use the Messenger, MightyPlant and Harp-N-Tek trademarks in connection with the sale of our Home and Garden Products.

[Dennisb68]

Akll this run is because of yesterday's PR?

[hankS]

not sure how this one fits into the world food shortage. i am trying to find out whether or not they actually market to agriculture. looks to me like they are tied to residential garden use and possibly ornamental production. any ideas to the contrary?

[surf1944]

World Food Shortage Stock Plays

http://www.thestreet.com/_yahoo/newsanalysis/stockpickr/10412327.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA