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Share dumping. Sorry
Big drug companies do much, much more than sell pain relief - so no, it wouldn’t be big enough a deal.
History is littered with great products - even outstanding products - that never made it in the marketplace.
Waiting is BIEL’s motto.
An informed jury would say no proof.
Every time the share price sinks it's blamed on manipulation and MM's. Funny (and illogical) when the same folks get zero credit when the price rises.
The fact is that the price rises on news, and then dips when the move upwards can't be sustained, and 'tight fisted longs' bail and flippers hit the exits until the next run.
Reality: The first 'profitable*' quarter didn't make much of a market impact, and while the price was sliding someone, or some people, dumped some shares and dropped the price further. That's it - nothing more.
Many are comforted blaming a boogeyman, because it's difficult to believe other observers can't see what current investors 'think' they see - a gold mine. This 'gold mine' has been predicted to produce for years:
Hundreds of Russian sales reps
Multinational contracts
OEM's
National Health Services in Britain
MundiPharma
The VA
Some hospital somewhere
Profitablity*
Not one of these could provide a sustained run, or the predicted penny PPS. It's always spike and drop.
Now it's 'one more OEM announcement'. The market - at least for now - says 'nyet'. On to 2022.
Well - if it is earlier to believe yesterday was the result of MM games, so be it. Not a lick of proof for that - but hey.
Is it really so shocking that frustrated investors - or even just one investor - would dump shares? Is it surprising that action would drop the share price? Will it really be a surprise if this dribbles to trips? It won’t be the first time we have seen this in the last six years after all…. Hype and spikes followed by a fall back to previous levels. That’s BIEL. Simply normal operating procedure for this equity. But then having a boogeyman is so much more rewarding.
Yep - FINRA created steps to reduce or eliminate naked shorting. Yet - claims continue to abound in penny land that naked shorting remains rampant. Those claims are almost entirely false (there are exceptions clearly).
Bottom line - daily FTD's do not meet qualifications for naked shorting. Those shares get covered within the allotted time frame without consequence. Life moves on - after all, MM's are there to create a market, and that's what they do.
Blaming a dumping action on naked shorting is typical in penny land. It gets difficult for many shareholders to believe the fact that someone, or some people, may have exhausted patience with a continually poorly performing equity and actually sold shares and dropped the price - which is exactly what happened yesterday. Even despite the first profitable* quarter.
Forget 2015, 2016, 2017, 2018, 2019, 2020 - THIS was finally to be the Year of BIEL. Apparently, it isn't. It doesn't take manipulation or evil MM's or any other explanation to understand what's happening here. Simple selling into the market at lower prices.
There are legitimate reasons for activity on the daily RegSHO that have nothing to do with shorting; in fact, in most cases, it's one of those reasons and not the classic boogeyman of 'naked shorting'. Same here every time it's brought up as being to blame for BIEL price drops.
Those shares get covered within the regulated time, and never has it resulted in some sort of short squeeze for BIEL, nor has there been seen price manipulation to 'get' those shares to the MM's. Typical penny stock conspiracy theorizing, which never amounts to squat.
Occam's Razor is a great tool in these cases - what's the simplest and most likely (and most evident) cause of the event in play - in this case, and significant drop in share price? Easy - someone dumped a bunch of shares and the demand for them only occurred in a lower price range.
Newbies weren't impressed with latest financials, and the market appears very tired of waiting for the endless years of BIEL to actually execute. Not shocking.
Nonsense. There is no shorting of BIEL. FINRA website can easily verify that for you. Again, constant blaming of MM’s for BIEL’s malaise is just bad conspiracy theorizing.
The market simply isn’t impressed. In addition, some tight fisted long(s) decided yesterday to dump shares, driving the price towards trips. That’s all - nothing else, no manipulation, no shorting, no MM dastardly deeds.
Ignore the $50K loan at 26% interest.
That's 'profitable*', due to a rather large loan write-off.
Blaming MM's....ridiculous. Get them while they last? Even more ridiculous. This shows every sign of lasting quite some time. Instead of slapping the ask, wait for trips.
Agreed - Happy Thanksgiving to you as well!
Really? Seriously? A stock can only be manipulated to lower share prices, not higher? Wow, that's - well, it's just ludicrous!
GameStop anyone?
Manipulation hasn't been proven once - not a shred of credible evidence offered for it - ever. It's simply repeated as if repeating it makes it a fact - again, just like every penny stock board EVER.
As for posts less than complimentary to BIEL - that's not more or less manipulative than posts of grandiose and always unfulfilled predictions. Frankly, neither of them are 'manipulative' - merely opinions about the company's current and projected performance; some more fact-filled than others. It's really just that simple.
Posted opinions/facts are a far cry from the manipulation speculated around MM's. But hey, it's a convenient target when the PPS plummets and trading volumes dry up.
Every penny stock board proclaims the share price suffers from manipulation. It's the boogeyman of every penny stock. Of course when the price goes up, it's never mentioned....
MM's aren't wasting any time here, and they aren't responsible for the current doldrums either. No new blood, no new interest even with a profitable* quarter. Barring a spike on news, it's more churn until 2022, and it doesn't take manipulation - real or imagined - to provide that.
Market reaction is all that matters - so 100 million traded on the day profitability* is announced, and dwindling to less than 5 million yesterday, shows there is very little interest in BIEL at this juncture, and certainly no influx of new investors.
Most of that supports exactly my point, thanks.
Absolutely ludicrous - MM's neither need nor want BIEL shares. Less than 5 million traded yesterday - nobody buying, including MM's.
Flipping is a risky venture certainly, but BIEL has lent itself to it quite well in the past. It has a number of inherent factors which makes it an attractive prospect for it: low PPS, many shares available, a committed core constituency, and some wild fluctuations when - as you point out - news is released.
All of that is part of the challenge in getting a sustainable rise in share price. News comes, volume picks up, flippers play their cards, the price dwindles back to low numbers. Wash, rinse, repeat.
At this point even flipping is an unsure prospect. The profitable* quarter didn't generate enough of a volume spike, nor enough of a rise in share price to make even flipping a viable option. What it did to is add yet another example in the history of BIEL where anticipation of huge gains didn't materialize.
Every event predicted to bring the breakout where these prices 'will never be seen again' has failed to deliver. Multinational contracts. Russian sales reps. Britain and National Health Services. The hospital we never hear of anymore (like the Russians who disappeared). The VA. FDA clearance. OEM's. Profitability*.
This last run couldn't get much over 100 million traded, and now the SP is dripping towards trips with not a newbie in sight. Seems the market has watched all this repeated since 2015, and is unimpressed. No new blood makes it tough to get even a flipper's spike at this point.
Now it's 'one more OEM' deal. Meanwhile, 2021 is virtually gone and it's on to 2022. How many of those who have held strong are frustrated enough to bail on the next significant run higher - and, if they do, how will that impede the rise in price if many dump and take their winnings?
Those run ups certainly are great - for flipping.
Nothing is happening this week due to a complete lack of market interest.
Meanwhile, when there is volume, it’s (sometimes) and nice run up followed by the usual oblivion. Like now.
It tell you nobody is buying, which is disastrous for anyone waiting for a big payoff.
8.33% PPS increase on less than 5 million shares traded - about .0002 of outstanding shares, rendering the increase virtually meaningless.
Umm, folks, large drop in share price.