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ADDED @ $0.69 to make my share number EVEN! Hate odd numbers
Last week we were asking for buyers. We only had sellers. Seems like that will flip this week. I put in a pre-mkt bid for more at $0.69. Funny, really don't need any more shares but does it hurt to grab free share giveaway???
Thank You Seeking Alpha. You just made good money for me this week. Let's do it again next week! Freed up more cash
One more thing. By Feb 7th, if you bot because I encouraged you, please send me a BOTTLE OF COURVOISIER XO IMPERIAL. Just $90 only. I don't ask for much. HAPPY WEEKEND EVERYONE
MY JOB IS DONE HERE. Now watching and waiting. Off to go find another opportunity. Up about three grand already and we haven't started. More than enough for my trip this weekend to ATLANTIC CITY beeiibe!!!
Eye Love MMs. They own us all. Watch and follow them and you'd be ok. The momo is definitely here. MMs cleverly got some of those shares from traders that jumped in hoping to fling. By the time they read about BPAX again, they would be re-entering higher
I DON'T LIKE CHASING STOCKS. I like geting in when no one wants it. And selling when everyone wants in. Look out SAPX. Since two weeks I've been buying that thing between $0.28 - $0.30. I have so much of it that I can't count. Today, I have been selling from $0.41 and as predictable....buying more BPAX! I HATE CHASING IT!!
Also, investors look at the short position vs a major catalyst that is just three weeks away. Stock has barely moved from the hammering done to it in Dec. No brainer not buying and adding if you can as date draws closer
Cathy - we are on the same page. No offence intended just pointing out that, as a buyer here (and it should be that way) I don't count and certainly believe most people don't see FDA approval as a certainty. Unless insider info is there. Else, everyone will buy and hold. Again, my reply is just a normal discuss. And I wish you luck on your buys.
catty...key here is the perceived future value of BPAX assuming Bio-T-Gel is appoved. No one is talking about approval. We are talking about "what if it is approved." Don't know how long you traded other Biotechs, but thinking this way has made me tons of money. The person throwing in darts of shares meant for you to sell. And, frankly if you bought this thinking FDA approval is a done deal, YOU SHOULD SELL NOW. Biotechs trade on "perceived future value" assuming approval. And BPAX already has an approved product. Just my rejoinder.
It is call corporate GIVEWAY. At every time, you see a fool that feels he has some cash show it off in a way that is really really silly. And you know, the bull market is always a funny place. It indulges you. It waits for you to finish selling. Even my 7 year old bought BPAX today and hopes to make 100% or better - GUARANTEED. I wish I have as much money as this seller has...I have exhausted all my available cash...buying up 93000 of this...my average is now about $0.645. By Feb 14th, we see where it is and who is right.
JUST STOPPED BY FROM PLAYING bankrupt KODAK. Heading back
Ok. Out for now at $0.36. Really don't see this making any great stride here for now. Will watch from February on the patent stuff. You win some, you don't others. GL if you still hold.
BOFA Merrill is always the last to update their antiquated tool. For a while, I could not do anything online. I had to call them and calling them is like calling someone in Myamar
Ok. Broke my rule and added another 10000 at $0.625. Promise not to break any more rules. Shutting down my PC now and exiting office in 2 minutes. Final Hold: 60000 shares.
Funny that investors would follow a clueless fool just because he could post some thrash on Seeking Alpha. Just the fact that the sompany is trading at its cash position alone is enough reason to buy - not factoring in Feb 14, or the other great products in its pipeline. Market can be blind sometimes. I never forget the opportunity to tell people that I got SOMX at $0.96 and sold three months later for over $9. And it was even a shaky-shaky trade...like I was only hoping for $0.30, but when it ran up fast, I decided to hold. But here you looking at a company that has no reason to be below $1 without any catalyst, yet it is below one and has tons of catalytic stuff going for it. Glad though, I got in much cheaper than I would if I got all I wanted on Thursday above $0.70
AGAIN IT'S POSSIBLE IT COULD BE A RECALIBERATION...except that the stock hasn't even moved yet past cash value!!!
Had 15000 before the filing. Called my broker and added anoth 15000 at $0.368. Will add more as it comes lower. Just me, I will not leave a dime on the table here!
"Shareholders." Who did not see that word mentioned? This is not your typical bankruptcy. Also, only the US op is involved. And the FUND managers know it. The paucity of volume tells you exactly that the stock was already priced for this. This will trade close to $1 and I AM HOLDING FOR THAT. JMHO.
John. Bio-T-Gel is $17 billion market in 3 years
"Take is Elestrin for instance. It's a treatment for menopause symptoms - a market estimated to be worth anywhere from $2 billion to $8 billion per year. The wide variances in its size underscore the idea that many women don't treat it, but would if the right product was available. Elestrin is already FDA-approved.
BioSante is also developing Bio T-Gel for male hypogonadism, and The Pill-Plus contraceptive. The latter will be a $17 billion market within three years."
Link is there for a read, but the momo hasn't even started. For instance, the pill somx was doing was only estimated at $3 billion
Link: http://www.smallcapnetwork.com/Before-Discarding-BioSante-Pharmaceuticals-BPAX-Forever/s/via/1789/article/view/p/mid/3/id/80/
Their problem is that they started pushing too early. The stock is still trading at cash value...has not even factored in any prospect of Valentine Day approval. Compare it SOMX. I jumped into that stock after a similar announcement crashed it in December 2009. Got 80000 at $0.97 avergae. In February towards the run-up to FDA date, I sold some at $3.80. Guess what. By the end of March, I was selling above $9. Stock actually went past $10. And SOMX was even in a worst cash position then and had nothing else in its pipeline
Okay, applaud me..fully in. 33000 at $0.616. Holding total 50000
Wanted to wait but changed my mind. Decided to start nibbling premkt...3000 down 33000 more to go. Will raise total holding to 50k.
GLAD I DID'T BUY ALL I WANTED ON WEDNESDAY
May not open anytime soon...another PMI?? NYSE has suspended and no indication whether it will pink up
Did U read this...$$$ here:
"The main catalyst TooNiceStocks found for BioSante will likely be in the form of the Valentine’s Day PDUFA date for Bio-T-Gel, a testosterone gel for male hypogonadism, a condition in which men don’t produce enough testosterone and as a result suffer fatigue, decreased energy, reduced sexual desire and depressed mood. The drug was initially developed by BioSante, but has since been licensed to Teva Pharmaceutical Industries, Inc., a large global pharmaceutical company with a multi-billion dollar market capitalization. Teva is responsible for all Bio-T-Gel regulatory and marketing activities. As a result of the agreement, BioSante received $1.5 million upfront and will receive royalties upon commercialization. The time leading up to the PDUFA date is running out and Microcap, along with Smallcap investors will likely begin planning their next move, if any, on whether this potential gel will be approved.
TooNiceStocks also notes that BioSante owns exclusive development and commercial rights to its pipeline of cancer fighting drugs through its BioSante Immunotherapy drugs. The FDA’s approval of Dendreon’s Provenge for prostate cancer in 2010 pushed the technology into the spotlight, and BioSante has positioned itself with its own immunotherapy pipeline at differing levels of development. Detailed information may be found on the company’s website but a brief overview of this pipeline shows positive results for three of their vaccines in Chronic Myeloid Leukemia (CML), Acute Myeloid Leukemia (AML) and Pancreatic Cancer.
BioSante did have a huge setback with the LibiGel late-stage trials with likely a lot of time and money that could possibly lead to an end to that program. However looking at the overall picture of the company, TooNiceStocks also found that their last quarterly statement noted the company still had about $70 million in cash and equivalents."
COMPANY TRADES FOR ITS CASH ON HAND. POTENTIAL FDA APPROVAL ON FEB 14 IS NOT IN ANY WAY FACTORED HERE. YOU CALL TO MAKE IF YOU LIKE $$$ THE WAY I DO
At $1, that is a good 50% upswing from $0.67. That would be more than enough profit for most Fund managers. Count me in. And that is almost money-in-the-bank in less than one month!!!
I hope someone fills me up today. Missed getting some of the sells AH because I was away on the road. Will cherish that oppo today. After today's buy, will seat back and watch my cash triple in three weeks
HOLDING ALL MY SHARES AND BUYING TONS MORE TODAY IF IT DROPS TO AROUND THE INDICATED BID. COMPANY IS NOW WORTH MUCH MORE. ALSO THE FOREIGN SUB IS STILL OPERATING, WITH CHINA HOLDING OVER $600 MILLION IN CASH. ONCE THE PATENT NEWS START FLYING IN, THIS THING RAKES IN $$$. PER EK..."The lawsuits, once resolved, will benefit Kodak stakeholders substantially." This is already priced for BK...expect to sell this higher than closing price. That explains the AH covering at higher prices. JMHO. Understand the risk in BK plays.
SOMX was like that. But it ran from $0.96 to $10.50
WSJ reported KODAT would appoint a Chief Restructuring Officer
Much ado about notin. Ek traded above $0.61 on Tuesday, so what's new here. January 26th is the date and it is on THURSDAY! You are looking at a possible 400% after that date or still where it is now
EVERY WORST THING IS PRICED IN HERE, EVEN SOME CHINESE SCAMS HAD MUCH MORE MARKET CAP THAT $150 mln. Just can't understand what some of this baby-just-come shorts think they would gain here getting i cent or 2 cents here and there. Plainly ridiculous
Who needs any rumor to know that you need to be in position against ER next week. Even the shorts on Seeking Alpha now write that it could go either way. Since it has been unable to go below $0.50, check the downside risk and the upside reward and see wether RiRe is for shorts or longs. I see it clearly for the longs. Holding just 30000 into ER next Thursday
ANOTHER WAY TO SEE IT IS, ON TUESDAY LAST IT RAN PAST $0.60. Was there any rumour too? Savvy buyers are coming in and positioning themselves
One thing about Eihorn is that he likes initiating things. Look at all these Funds out there...most of them basically read the news like everyone else and just keep trading off it. Most of them hardly do any research...just trade off of what the news media regurgitates. But Greenligh and a few others would go the extra mile and actually look at the contrarion opportunity. That's why they smashed it in 2008. Who would not have seen the opportunity taking a long position on a stock that kept reporting good news and PRs despite being hammered by the news media and short-sellers. I hope Eihorn gets his reward for striking out from the crowd again...as he did in 2007-2009
I had to struggle to reclaw some of my position under $0.60. Although, I thought something was up with the AH trading last nite
The rule is BUY THE RUMOR. When you wait to confirm, YOU MISS OUT
Benzinga reporting Eihorn spoke at some partner dinner involving Dell, Xerox, Ek
Even without Eihorn, EK would still be up. With all the positive stuff being reported since last week...and the ANDROID CAMERA. One might be looking at a monster here. Clawed back some position today
Eastman Kodak Spikes Higer; Hearing attributed to Einhorn stake
Bot: Figured since they have $70 mln cash, plus a likely approval based on the literature out there, reward potential here is enermous. Added at $0.72 upping position to 14000
Don't forget Jan 26th is next week.
Hope it can be another SOMX..in at $0.96, out $9.57 in three months. Will be happy here at $4
Waooo. Intense buying here. Just grabbed 5000 myself at $0.69. Tell U What - I need some Bio-T_Gel too (whatever it is)