Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The company has 10 products approved or in pipeline. Once we get more details about the products and SFDA status for the products in pipeline. We should go to $1 short term. Based on the approvals we can go to $4.
Remember this is not a FDA approval and SFDA approval. So I think price will be max $4 even if they get the approval. IMO. I have seen the chinese stock price movemenets before after the SFDA approval.
Remember we are already up 90% in September. Once we cross 0.20, I think its a easy double.
Justin, If you have a good chart analysis can you please post it now?
I am expecting 95% buys tomorrow and 100% buys on Tuesday. What do you think?
Hi Megan, Thanks a lot for your analysis from the news released 2 years ago. I read the 8-K during my DD in the weekend. But I could not get more details of what happened after that. I am expecting company to give us the details soon as they are moving in the right direction now.
Frankly speaking, I was expecting a news last thursday or friday. Hopefully we get something this week. But the news does not the change the technicals which is very good now. IMO.
Key there is some clause included for the CEO salary. IMO there are something in the works already and the CEO will get his bonus.
Also he has got some restricted shares in the company. Why would he take the restricted shares, if he thinks the company is not going to do well. So expecting a huge unexpected news soon.
Atleast one person to agree with my opinion. I think NITE will be at 0.20 at the ask when the market opens. If he stays at 0.20 at the open. Its good indicator that we are going higher.
I did not get the technical analysis from Snyth or Brad. Hopefully they post the analysis before open tomorrow, which will be a good feeling for all of us before the market opens.
Do you know one of the clients for Bay2peak is Sinobiopharm which is really a good company.Also trading in OTCBB board, which makes me think they will make SOBM also trade in the OTCBB board.
Hey Ricky, Once we get the news of uplisting, its going to reveal everything about the company and we go higher with lot of new investors more confident in SOBM. IMO.
Dont worry my friend. We will not have any dumping on SOBM. Its closing at 52 week high everyday.
Yes. When the shorts start covering along with the current buying pressure SOBM is going to skyrocket. Looks like everyone is getting excited. Also most of them bought last week IMO are expecting a huge run and longs. I believe we can move fast once the NITE and AUTO realize that.
Best part of this run is its not promoted or profiled by any newsletters yet. Once they see the potential, we can skyrocket.
Absolutely no dumping IMO. Looks like someone is buying the cheap shares available. Also Panic sellers and Bidwhackers should be out by the weekend and we should continue our climb to the new highs next week.
Reuters report prepared on Sept 11th, 2010 available for $20 on https://commerce.us.reuters.com/purchase/showReportDetail.do?docid=40203069
I also think something big in the works. Otherwise we would not be holding at 0.189 the last two days with the Auto or Nite trying to bring the PPS down to cover their positions. IMHO.
Hi Brad, Thanks a lot for your honest opinion. Even I thought pull back is good after a such a run. But to me the amount of shares traded in the last two days and the price at 0.189 looks like a pull back only. So I am getting more confident now than before.
If you ask me, I would say yes. SOBM announced a new CEO last week.
Also they have mentioned that they are looking for some acquisition.
I am expecting uplisting in the stock exchange and some info about the acquisition soon.
I saw that Brad. But It costs $500. Some reports I saw for $750. I am not sure why SOBM's Reports are expensive. Is it that they some real good news in those reports.
Did you follow the L2 on Friday? Whats your opinion on the trading pattern on Friday?
Brad, I searched on Google and found out this article which was posted on Aug 20,2010. http://www.mynewsdesk.com/us/view/pressrelease/sinobiomed-inc-sobm-financial-and-strategic-analysis-review-454999
All the products are mentioned in the article. Also Sinobiomed's manufacturing plant is certified with Good Manufacturing Practice (GMP) certificate by Chinese State Food and Drug Administration (SFDA). This looks very good to me.
Also SFDA does not take long to approve the products like FDA. So who knows some of the products might be in the final stages of Approval. LOL.
Yes I know. They are restructuring now and we should see all the details soon. IMO.
Brad, Do you know how to get the list of products of Sinobiomed from SFDA website? I searched and realized I am not doing it the right way.
Anyone find the list of products from SFDA website. Please post it here. We will add it to our DD in iBox. Thanks.
Justin, Please count me also as Long and Strong on SOBM.
Sometimes I felt why we are not moving higher with so much buys compared to sells. It was like 5:2 all week.
There is a possibility that some Insiders or Big Investor is buying at this levels holding the price at this level. We never know whats going on. If this is the case, More news coming and monster run.
I am waiting for the Snyth Chart analysis for SOBM. He along with Brad are the best technical people in our board.
Yes Justin. Company needs to make all documents public soon. People will be more confident and lot of new people will investing.
I also join you guys in Appreciating the Mr.555. I don't know how people could even think of shorting SOBM last one week. It holding its level very level. If I were the short, I would not have tried to be short now.
I have already posted on my opinion about shorts covering at the end of Friday session.
I think NITE has realized that we are moving higher and I did not see him on the ASK at 0.189. But Auto has not realized. Once we get news shorter will get burnt.
Ricky, I have watched the L2 all day. I agree with you on no one willing to sell at 0.185. Thats a good news for the longs. But not with the other part regarding shorts covering. I might be wrong.
If you see the trades on Friday, whenever we saw the 555 trades, it was followed by 5000 trades. Also in the last 15 minutes according to you 37000 shares, I saw two 5000 trades. So to me Mr. 555 accumulated more that Day.
Also 20000 shares buy might be some one who waited all to take his position at lower PPS. He might not have got for lower price all day, so he bought at the ask at the end. May be he is expecting news on Monday LoL.
If some one tried to cover at 0.189, atleast we would have seen the bid at 0.188 but the bid was at 0.18 or 0.185. I saw once ETMM in the BID at 0.186. So to me it does not like short covering.
Did you call the T/A to confirm the the float or you say Low float based on the way its trading. IMO low float because of the way it traded last one week.
Also Brad called the T/A and posted the A/S and O/S. But he could not get the actual float. Please look into Ibox for more info.
Sinobiomed Engages Financial Advisor for Strategic Investment and Mergers and Acquisitions Advisory. They have Bay2peak for some mergers and acquisitions. I also expect some mergers and acquisitions news soon.
Lot of people tend to get into stocks once they get more news. So its individual's trading decision. SOBM delivered two solid news and one filing. So to me It looks like a monster run in the making.
Any news expected that gives us a home run? For me the best news will be uplisting to higher exchange. Once I see the news, all our doubts will be cleared that the company is moving forward in the right direction.
I think you are looking for a quick profit expecting 55555 trades. LOL
With the way It trades for every 55555 trades we will have a uptick. IMO there are not many shares for sell at the cuurent level.
Sorry I meant less float. The way it trades looks like the float should be very less.
IMO We will surely go up once we get the news. Also sooner Auto and Nite realize that this is not for shorting, We go higher fast.
No Brad. Actually that is not the case. Frankly speaking, I got into this because the New CEO was announced for this company. Now I am doing more research and found out that the company had a problem in early 2008 and chairman sold out his shares. I think that is the reason for the decline in PPS.
That was way back in 2008. The company is restructuring now. Looks like even the O/S will be less than what we all think. That is why we trade less number of shares. Also company will reveal all the details soon IMO.
I did not read the messages in our board after Friday evening. Going through all the messages now. I am happy you are here now.
Justin, I watched the L2 all day and looks to me Auto and Nite are trying to short at 0.189. But someone is trying to accumulate at those levels. I have already posed one posts mentioning 555 trades with 5000 trades. Someone is accumulating IMO.
I am sorry Brad. I am trying to find out those Details. I am not here that long. I think we will shortly see those details from the company.
Read this post.
China Industrial Output Tops Forecast as `Robust' Demand Aids World Growth http://www.bloomberg.com/news/2010-09-11/china-industrial-output-rises-13-9-in-august-inflation-quickens-to-3-5-.html
Looks like China company stocks are going to do well now.