Here are some of my thoughts on...
Recent developments...
But first, Happy 4th of July to all in the good 'ol USA...
And thanks to ALL of our troops that made Independence happen...
And to ALL our troops scattered across the globe, who can't be home to celebrate this Holiday with their loved ones as they fight for others Independence from tryany and oppression...
1> Thank you MW for coming through on time as promised with a signed deal...You are a "MAN OF YOUR WORD". It sounds like a Great deal and we await more details on how great it really is. We all know you fought hard for it...I have followed many story stocks, and this is the first one to have actually lived up to what the story promised.
2> It's great to know we have a deal, but the info in the PR gave us very little information with which to work with. All of the speculation of the 30-day calendar period mentioned, is just that-speculation. I made the mistake of calculating the 30-day period on EP's board and came up with a pps of $2.96, and then realized I had no real facts behind it. Other questions I have concern have to do with: "The technology license includes an upfront payment of $750,000 and annual maintenance fees, in addition to royalties and milestone payments.The balance of the financial details were not disclosed." I can't wait to hear these details...
3> We loaded up for the first time in months at the open Friday at an average price of $2.85 and was a bit surprised $3.00 could not be taken out. Level 2 had SBSH as the "axe" on the ask at $2.90 all day. At times it showed 50, at others 90...There were from 5 MM's to as many as 9 MM's also at $2.90 for most of the day, and I knew there was no way we were going to bust up through that level Friday.
4> The chart(s) are looking GREAT! IMO, the gap up set Friday will not have to be filled...I expect another gap up Tuesday, and pretty much the same chart as Friday's. Stairsteps up will be better than a sharp rise on the charts. I expect resistance around $3.30, then a pullback to just above $3.00 which won't last long, and then $3.00 should be solid support from then on.
5> The news Friday about the J&J Court settlement:
"The jury found that J&J's Cypher drug-coated stent infringes one Boston Scientific patent and that the company's Cypher, Bx Velocity, Bx Sonic, and Genesis stents infringe a second patent." This sent BSX's shares up about 8% in after-hours Friday. J&J may have to make royalty payments to BSX for all of those stents they have sold in the past...Awesome... We plan to buy a bunch of BSX on the first pullback, and are really hoping there is going to be one..
6> The future for BIPH is Looking Good, and we are happy to be back in...The RB message board has some good info on it, but it's not worth the trouble sorting through the garbage posted there to get to it. Shame on the mess. Some of the posts I read today will keep me away from it for another few months.
Good Luck to ALL BIPH'ers and BIPH'erettes...
