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.
You mention next retrace. If I am not mistaken you were one of the posters who predicted we would see a pullback around 1.10-1.15, and we did. How far do you think we go this time? I think we could run to 1.50 before people think about taking a little off the table. I know predictions are useless information, however it's always good to have a point in mind where you might want to take profits.
I use two brokers and one of them is Choicetrade. With choicetrade you don't have that 3 day wait to repurchase if you've held your stocks for at least 4 days.
I'd be real surprised if we didn't have a green day tommorrow.
I think anticipation will move this up some, however any big moves will be news driven. FDA approval or some indication that the FDA most likely will give approval will drive this hard, however the move near or over a dollar won't come until for awhile until revenue increases are reflected.
How long are the MM's going to hold the door open?
It appears that way. It's accumulation time now, and then the push up, which I believe will happen in a matter of days rather than weeks like past times.
This is what "might be happening"?
If a bond’s actual interest payments will be greater than the interest payments expected by the market, the bond will sell for more than the bond’s maturity amount. If the bond’s interest payments will be lower than the interest payments expected by the market, the bond will sell for less than the bond’s maturity amount.
I would imagine that investors are buying future Chemtura bonds because they feel the payouts will be greater than what the market is currently dictating. Hope this helps some, without adding any confusion.
Their not just trying to shake off the fruit but the leaves also. Something substantial has to be coming. The bonds wouldn't be moving up this much in advance of the POR unless some sort of deal wasn't in the works or already completed. This sort of activity leads one to believe something is forthcoming soon.
Perhaps news is forthcoming shortly and BIEL is taking steps to insure that the news reaches as many as possible?
It's time for the truck to move it's been backed up too long!
Don't think the truck will be allowed to stay backed up for too long though! Looks like this will be a much quicker consolidation period than our predecessors.
There has been no approval date set that I'm aware of, nor do I believe the BIEL team has submitted the 510K forms for premarket approval to the FDA. I'm not sure when BIEL plans to introduce their patch into additional markets for "other" uses, however the 510K submission needs to be done 90 days prior to whatever dates they have in mind.. With so much at stake, the BIEL team is obviously making sure everything is in order. I believe the holdup is due to the incredible amount to time it takes to collect all the necessary documentation. Hopefully this will be accomplished very soon. One crucial factor they have on their side, is the fact that they have already received a recommendation from an accredited person or persons which is probably the single most crucial element in speeding up the FDA 510K process. By law, the FDA must issue a final determination within 30 days after receiving a recommendation from an Accredited Person. Patience is all that is required at this point. I believe they have a good product with legitimate uses, and time will bear that out shortly.
I'm glad you posted that information. Comparing Chemtura and Pilgrims may be like comparing apples and oranges, however one must admit the price movements of these two stocks bear much similarity. The trading action that is currently underway with Chemtura is playing itself out much like it did with Pilgrims. I would like to adjust your figures slightly though however, Pilgrims went from .90 to 2.30 in 9 trading sessions and after that 30% + pullbaclk you indicated the PPS went from 1.52 on 3/27 to 4.00 0n 4/30, just a little over a month. This could very well happen to Chemtura and thanks for trying to lift spirits. I too think we will end the week up, and I will be much bolder than yourself and say we reach 2.00 before the end of October. Sorry for adding another prediction to this board, only trying to stay upbeat.
Didn't Dow at one time want to buy one of Chemtura's assets, don't recall which one?
Looks like history repeating itself yet again, how long will the accumulation take this time before things get rolling again?
Thank you for the help. I will not ask any further questions pertaining to the POR other than the one which you responded to so negatively. It was a genuinely honest question on my part with no hidden agenda contrary to what you think. I attempted to find my own answer to that question but was unable to, that's why I asked, perhaps I was looking in the wrong places, nevertheless thank you for steering me to the right place. Now I know that the last extension by the court allows Chemtura to file beyond November. Your link was very helpful, have a good evening.
I hope this doesn't sound like too stupid a question but could someone explain to me how the exclusivity period works. The court granted Chemtura an extension for filing a Plan of Reorganization back in May I believe, which lapses in November. Does this mean that a POR "has to be" filed before the end of this period, or can they file a POR whenever they want. After this period expires any creditor can put forth a plan to the court for consideration, correct?. Why then would Chemtura risk allowing the court to possibly consider other plans from creditors by not filing before the end of the exclusivity period, unless a deal has already been worked out with creditors?
It was just a matter of time before a correction happened, though the reason for it is important. I think that there were multiple entities that sold a bunch short to trigger the stop loss, with plans to buy back. These positions will be covered shortly and we will go back up very soon. Once the stop losses were triggered in caused others to panic sell. I think most will realize this and get back in Monday. I hate those shorts!
I'll second that! Now that they have the PPS where they want it, the boat loading will be quick and heavy. The PPS will turn upward very quickly from here IMO.
The good thing is the shorts will have to cover real soon, and the flippers will be back in Monday. There might have been a number of closed out positions, but those people weren't in it for the long haul anyway. Interest in this stock hasn't changed nor have the fundamentals. The majority of those selling today will be back in Monday. The PPS won't stay at this level for long, maybe a few days, then it will turn upward, and when it does I predict we will see a 50 + % gain from where we are now. I know predictions are like as!@#$%*, but it's going to happen, have faith.
Someone posted price movements for Pilgrims after the dollar mark was reached. I know this doesn't mean anything but Pilgrims declined 30+ % after that runup to 2.30 from a buck. Within two months it was back up to over 4 bucks. We all know why this fell, and in a short period of time we'll be on our way back. This move was inevitable and painful to watch, but healthy. Please don't dump on me for this comment, just trying to stay positive.
And I hope someone puts the squeeze on them quickly.
FDA approval is the only thing holding this back. BIEL was at a 52 week low as of .001 on March 10th, and since has climbed to a 52 week high of .122 on September 11th. We're talking about a 3000 + % gain in 7 months folks, with the vast majority of that gain happening after early May. It's not uncommon for pinks to run up big gains and then get dumped, but that usually happens very quickly, in a much shorter period of time. Though the runup of this stock pretty much has occurred on pure speculation and anticipation, void of any real notable news as a driving factor, it nevertheless appears to have legs. BIEL appears to have a genuine product that can revolutionize the treatment of pain management, and investors are banking on that. If BIEL and it's products were a scam, and this runup were part of some pump and dump scheme, I think they would have been exposed by now, with the PPS taking a nose dive some time ago. It appears that BIEL is a genuine speculative play here folks. No doubt that anticipation is driving this stock, and as long as FDA approval is thought to be just around the corner, the runup will be sustainable. If this stock has moved this far on just forward looking statements by the company think of what the PPS will look like when they receive FDA approval, along with the humongous jumps in revenues they will receive once their PEMF devices have hit all those untapped markets. I own this stock and I'm not trying to pump it, I hate those scumbags, but's let's be real, if that FDA approval comes through it will impact the PPS much more than people think. If you can tolerate the risks from here on in, I think the rewards will end up being huge, IMO of course.
Must be conducting trials for other uses of the patch. Are they funding these trials themselves? They need to concentrate on FDA approval for the trials they have already done. They need more revenue to accelerate future trials.
He's not a socialist or a communist, he's Robin Hood! Steal from the have's and give to the have not's. He's a joke!
A bankrupt company coming out of bankruptcy proceedings and approaching the $7.00 mark with a BV of a little over $1.50, amazing. Like you said think about what an asset sale would do along with a positive POR. We could be looking a multiple dollars in less than two months. Everyone knew the risks when the got into this stock, so anyone wanting to sell now and not wait to see how things play out, in my book needs to grow a set. I was a skeptic not long ago but those days are over.
I agree with your assessment. The news has been leaning on the positive side for Mundus, and I hope Mundus gets the contracts they have hoping for. I have considered buying some shares, but I think I will take a wait and see approach first for a little while before I take on any new position in this one. The latest decision by our annointed one to scrap the missile defense system in Europe makes me skeptical about this stock and other defense stocks that rely on government funds. Mr. Obama in my opinion does not put as much value on protecting this country as most would like to think. I think as time progresses money will be shifted away from defense spending and put into social programs, which might mean less money for Mundus, however that doesn't necessarily mean that Mundus couldn't see an increase in revenue from defense funds that already exist for new defense technologies. I'm just alittle skeptical about gov't spending right now and exactly where their priorities lie. I'm going to sit on the sidelines for "a litttle while to see what happens".
I wonder if we will hear any specifics about how they plan to exit bankruptcy shortly before the actual POR is released, much like Pilgrims did the other day. Pilgrims was very open the other day about their plans, even though they have yet to submit a POR other than to state their intention to do so soon. Like to see Chemtura follow suit.
Maybe so, "but opinions are like you know what", and everybody has one, and your entitled to yours. Good luck to ya though, I hope you do well on this stock.
I don't think we go much higher from here before a retrace?
Thank you hr very much, you've been very helpful and gracious, and I very much appreciate the civil response. I will check out that info. Most on this board appear to be very knowledgeable including yourself about stock trading, and I have learned much. Though some may find me annoying, as well as the topics I post, it has never been my intention to be so. I find this board a good learning tool and only wish to contribute to both mine and everyones success. The DD I've learned from this board thus far has been very useful, and has paid off very nicely so far. I greatly appreciate everyones contributions and would like to thank all of you. Let's hope there's more success to come.
Those of you who read this board on a regular basis are aware that I'm a newbie. A few days ago I listened to that August 3rd interview on SmallCapVoice.com with that independant analyst Carrie Synder. I must say this definitely has potential. I decided to do some research into this company as well as into the field of PEMF therapy. This technology is part of the new evolution in healthcare, with immense prospects and a growing demand. I can see why so many are wanting to invest in this technology. I believe BIEL is a legitimate company with some great products in the pipeline, and scam talk is unwarranted. I'm particularly impressed with the patent that BIEL has on this technolgy. If this technology takes off months or years from now BIEL will be one of the leading players. Ms. Synder made some very forward looking statements and predictions about BIEL, however should the FDA approval materialize and new markets open up for BIEL as she suggested they might, the increase in revenue will be huge. I bought in today and plan add to my position soon. I will watch this stock for the next few months as most here will. I think we have a good one here, and I also think holding long will eventually pay off. Don't mean to sound like a pumper, I just wanted to share my exuberance with those on this board.
Thanks for the clarification. Do you mind if I ask what chart your looking at. I'm just looking at some of the free ones in various places, and most are giving a plus + 70 RSI measure indicating this is overbought rather than oversold. Maybe the ones I'm looking at just aren't very accurate. I'm sure your charts are much more accurate.
Sorry, just throwing out another technical indicator which I don't take much stock in myself.
Can't necessarily say a stock is overbought by the RSI, but the RSI does say it is overbought @ 76.13 above the 70 mark which indicates overbought territory.
"Can you smell what the buyers are cooking". Buyers want cheaper shares but it looks like the sellers are holding their ground. "Ante up boys if you want more"!
I'm probably mistaken but hasn't Peltz been in since around $12 three and a half years ago. I wonder why he didn't cut his losses after all this time, especially when it became apparent they were headed into bankruptcy? That has to tell you something if he's still holding his positions in Chemtura after all this!
Yes, with a debt/equity ratio of about .36 or about half of what chemtura had on revenue of about 7.5 billion in 2008.
How many times has this pulled back since it started running months ago. Just profit taking IMO. Nothing has changed with this company, sentiment is still the same. I mentioned yesterday, which was sheer speculation on my part that I thought it would drop under .08. I thought it might test the high of .086 from the previous run, the one before this last runup to .12, and it did dropping to a low of .082 today. I also thought there was a possibility that the 20 day MA of .079 could get tested. It appears I will probably be wrong on this call and that .08 will be safe, however if we don't close above .086 today I think we could see this dip a little further, however I don't see a retrace all the way back to .07, but then again I'm just another poster offering another opinion. You know what they say about opinions? I'm probably not making any sense so feel free to give me s*@#.