Re: BIPH thoughts
I can't disagree with your TA, but want to throw in a few important fundamental points too.
1.) When you say look out below, there could be a few solid branches that might catch BIPH on the way down.
a.) BSX is commiting $5M to BIPH near $3 and might want some more on the open market for a reasonable discount?
b.) The SBI financing ranges from $2-$4 and I think they might also want to offer some support above $2 too.
2.) I still think the boosh could happen at any time for BIPH too. If you look at the first time BIPH and BSX announced an agreement in 11/03 you'll see there was a little jump immediately, then two month transpired before the big boosh in January '04. I don't know why it took so long, but 17M shares out of the blue two months later is a good reason to "expect the unexpected" with BIPH.
3.) The most important aspects of the BIPH/BSX deal are yet to be disclosed....what products and markets, what milestones and payment amounts, and what royalty rates. This is what the smart money is waiting to see IMO. If it's half as possitive as MW tells, it should be very good for BIPH in the long term. I don't think anyone knows or could anticipate when any of that will be disclosed.
"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854
