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BIOLASE, Inc. Message Board

  • rollin_db7 rollin_db7 Mar 18, 2013 4:29 PM Flag

    upcoming catalysts ?

    what are some upcoming potential catalysts (besides earnings)

    Sentiment: Strong Buy

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    • A distribution agreement for Oculase with a major ophthalmology player would be a catalyst.

    • i_gotta_have_more_cowbell i_gotta_have_more_cowbell Mar 18, 2013 5:32 PM Flag

      In general, I think revenue growth an ongoing story for BIOL, in that regard I see short interest increasing which could actually act as a catalyst. The latest number of 2.8 million shares will take 2 weeks to cover with average volume. When a good report comes out in May they will have to pace themselves, or risk pushing price up on increased volume / demand from covering. Since it's an ongoing growth story anyone waiting to cover risks max pain, but the short squeeze will add some volitility to that moment, and shorts will try to regain losses by shorting the spike. Some will time it correctly others will not. Longs can just enjoy the repeating pattern for a while.

      Management projects a "modest" 18% growth for 2013 with Q1 guidance of 14-15 M, follow that number for the short term play. Other than that there are patents still pending, and markets BIOL will be pushing in to, but I see those as a progression, not binary events. Though news from any of that could make a pop here or there.

1.20+0.01(+0.84%)May 26 3:44 PMEDT