Safeplus International Holdings Ltd (ACAI)

[PowerPole]

contax...

Here are the reasons we bailed out of BIPH...

1> I don't like Huge gaps up two days in a row, then a selloff the rest of the day(s). Now it has filled the gaps.

2> It never broke up through 3.00 On this kind of news, I would have expected it to gone through 3.00 easily and at least spiked up above the 3.14 intraday high set on 4/4/05, but the volume was not there to make that kind of move happen.

3> Not only do I study charts, but understand Level 2 very well...I have Level two from three different sources and they were not in agreement Monday and Tuesday...I know every MM's identification and where they are headquartered. Some of these MM's are in foriegn countries, and their rules are very different from ours, and allow shorting on OTC:BB stocks. It is obvious to me now that BIPH is being shorted heavily by a few MM's. So from now on I will stick only to trading BB companies that are not traded in foriegn countries, as they are obviously shorting BIPH from our open until they close in Europe, and then traders here get fed up with the inability of the stock to move higher in the first few hours of trading, which causes concern, and selling pressure.

4> Tuesday, our all time favorite stock CPTCQ announced the news everyone has been waiting for for six months, namely, the deal with China is finally going to happen! Revenues were mentioned, and large orders in the near future were also mentioned...When this stock gets good news, it goes up. We had to take money out of BIPH to load up on CPTCQ for the first time in months... More than anything, this is the answer to your question as to why we bailed on BIPH. We used the money needed to average down on the pullbacks on BIPH, and put it into CPTCQ

For the True Longs, the charts still look Great--Long Term, the gaps HAD to be filled...Short term charts are not so good. BIPH Must go up today from the open, or it is in trouble IMO...If it closes below 2.61 (Thursday's close) today, that's bad...We sold to protect ourselves from a serious loss, or Dead Money for weeks/months, as we still have shares at 3.00 that have been Dead Money for the last three months...

With the terrible news from London this morning, I expect the European Markets to dump today, and take BIPH with it there...
Our prayers go out to all those affected by this terrible act of terrorism...

Good Luck!