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BIOLASE, Inc. Message Board

  • mustachefish mustachefish May 18, 2004 1:30 PM Flag

    Smells fishy, again.

    Low volume, everything very quiet. Worried this could signal another quiet before the storm. We are not getting any meaningful bounce after this vicious selloff.

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    • Yes thank you for the compliment, that was a very great call if I do say so myself. Calling 12 as the rock solid bottom, and having the market absolutely refuse to open BLTI below that number for even one day was gutsy call on my part, but turned out dead on the money!

      Thanks again for at least ackowledging my great call in that respect, dong.
      See how easy it is to get along?

      Thanks again!

      And PS I really like BLTI at these levels. There is not much downside from here.
      Good luck on your short from here though, you may need it!

    • Yeah. That kind of worries me, too. But there are 2 institutional indications to buy:

      50K shares at 12.77
      25K shares at 12.79

      and one to sell:

      10K shares at 12.95

      For the small investor, more action in the semi's today.

      Oh! Now they've joined. 50K shares to buy at 12.79 (institutional interest, not in the exchanges, yes, I see the bid and low just dropped to 11.76)

    • Who cares, I could care less about volume or if the stock goes down. They should start a buyback program and start only releasing bad news. Get the stock down to 5, and keep buying.

      You are either a believer in the stock, or you are not. If you are a believe, the best thing that can happen for the stock is for it to drop.

      • 1 Reply to billberggren
      • "If you are a believe, the best thing that can happen for the stock is for it to drop."

        That's close to the most ridiculous thing I have heard on this board.
        Well I was a believer in ENRN and lookie! I'm ecstatic.

        Besides a buy back would be the worst thing in the world for this company right now. It would show the market that they did not need the money from the offering in the first place, and that they did not forecast the needs very well at all, and screwed shareholders.

        Putting the money they raised to great use, no that's what should be done.

        If you're new to the stock, thank the Almighty you didn't ride that wave down. If you did, now is the time to buy more or atleast be patient. There is not much more downside to the stock right now.
        THey upped revenue guidance, said in the CC that they would sacfrifice a penny a share earnings to achieve penetration. That's the worst of it.

 
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