This is another thing to dodge. The pumpers will first jump in and say this is too low a share price for HFT. These are the same posters claiming you will see .15, shortly. I'm not here to pop your wet dream. I'm here to say to be careful, the condom can break. Specially when EDBI lips are inflating it as you go. (btw when you put your thumbs down, I plan on erasing and substituting pappy's name for EDBI. Then when you do it again, I will erase and substitute back EBDI)
Every .001 move means $8M
Day traders will rush in and exit
FDA news is that they can sell in the USA
They will not get reimbursed anytime soon
HFT computers can detect when this is losing steam
Valuations by most here are unrealistic
There is still a long road ahead
News today is short lived
They still are going to lose money
The biotech market is soft
Euro goal is .95. About a 15% decline. Boots are in Europe.
I feel that these are the reasons to not get married to this. That news will come and go, there will be a load of shares traded. The high for the day will erode fast. The pumping will be nonstop. Good. If you waste your time pumping, you are stupid. Wash sale may be something some consider here. If you take profits on newer shares, but have some older shares, you have to maybe wait 30 days to buy back. I try to touch all bases. Just get you thinking about the what if's. Product works, but climb will be slow. Partnership could come in. But with 8B shares, how do they fit them in? Buyout? Maybe, would hate to see you miss a .02 buyout, so hold out. I don't care about a small chance that a buyout would come.
Things I am not considering in the near future.
Insurance paying for it
Time left in the 510 protection
Patent time left (7 years have come and gone)
Trial by jury-throw that one one in for you to pause.
Serious discussion only. Time to grow up. 7 years of children posting is over. You should be relieved.
Where is the the $600M in revenues going to come from sooner then later? You are falling victim to valuations, that are not coming anytime soon. If you couldn't hang onto FDA news and pharmacy news, what makes you think FDA news will not also be bid up and then dumped?
Greed is what gets you to take the eye off the ball. Well you can only blame yourselves and edbi. But I know exactly what is going to happen the day on news.
Your post is the first stupid one in over two hours. That is a record for BIEL. You cannot refute my points, because you cannot think of a rational answer, to tell investors this is worth $2B. I would tear you apart. I would embarrass you more then I did PHD.
I'm not a basher, I'm just a investor who will not fall pray to idiots without a clue in 2009 and they still do not have a clue today.
Apparent you have to swear, because you know I would own you one on one. I can ask the hard questions, that you cannot answer.
BTW I eliminated the childish replies daily by numerous id's. The discussion now is real and it's about the the whole story. The good, the bad and the uncertainties. I raise issues about the Euro, I raise questions about day traders and best of all I raise issues about valuations that you cannot begin to understand, what that would take. I'm your worst nightmare. I can spar with you without an agenda.
I steal your thunder and you do not like that. I make sense where you couldn't. I look at this from many angles, where you look at it from one.
I warn investors about the .001 moves and what each one means value wise. That means they are now prepared to watch closer. Not get wrapped up with pumping.
The day traders do not get married to stocks, like the bridesmaids EDBI. That is not going to happen. Day traders are profit takers. They watch for news and they flood in. Now if you understand that some of the value created on news, is investors who basically only understand that they want a fast profit, you are now prepared. Don't read the garbage that day here. Focus on your brokers account and watching trading in real time. Watch the bids and asks. Watch the trend.
Don't believe that all of sudden we have investors who are going to be long term. You will be lucky we keep half of the appreciation and as days go on afterwards, that will shrink also. I believe as November rolls in, that they take this back up to .0015, fewer sellers and if you are invested, you know that news on the way.
Then news hits and the Whelans maybe release the purchase order numbers that ink is drying. This will gap up, all of a sudden we want .0025, then the day traders rush in, they are buying this hot flyer. Maybe we see.005-.007. About an hour of sudden buying and hype everywhere.
The smart money just watching and waiting to the exact moment the air starts leaking. I estimate at the end of the day, you will witness, $40M coming and going. See as soon as sellers realize the gig is up, they flood towards the exits. Now EDBI will tell you to ignore, pappy will be pumping and you will see many gyrations in share price. I don't think FDA news here is like cancer drug news. Because the insurance companies will not be paying for it. The dead silence by pumpers, has me thinking they are absorbing for the first time in 7 years, that this is a game.
That it's a game few, stand back and really exam. Falling for a high valuations, is the first mistake. This FDA news is about a medical device company with 8B shares floating around. So you just have to be careful.
Turn this into a win on your terms. Last sermon. If you think EDBI has your back, then hold.
I playing my hand knowing what the Whelans will do. I am not trying to hit a home run and I was finished buying at .0008. I have had a discussion with Andrew, I have heard his side. They have skin in the game. I understand that this will rise and fall on news and I am posting about taking advantage of it.
I believe they have a good product. I believe they made a lot of mistakes and took the short road, which turned out to be the long road. FDA ruling is coming, odds are they will get the reclassification. I hold no long term positive or negative views. I don't care about your little argument here. I know the story as well as you do. I just want to out smart the system.
If all penny's had a group of investors who knew that day traders are who you want buying, and you dumping into them. Turn this around on the investors who just chase fast movers. I don't care about a .01, I am just focused in on the flooding in on a fda news. I expect Whelans to announce the purchase orders the same day. They hinted at this. So knowing the news ahead of time, gives us the trading advantage. Knowing edbi will be pumping as fast as his two short stocky legs will move on news, I go quiet. Sit back and watch trading. I seriously doubt we get to a .01, so I will be happy with getting out, before the day traders start leaving.
The enemy to me is the day traders. The cheerleaders are edbi and all that matters is to my team, is scoring one for the Gipper.
Wow, I shut up edbi, pappy for 1.5 hrs. What no one could do, I did in one day. Even the bashers have gone quiet.
I speak from the heart and I can can add and subtract. In the pumpers world, they cannot do simple math and from the bashers world, they cannot hang with me, because I like the product.
Stick the day traders is my call. I'm posting this before news, so the late to the party, pay for the drinks. I have brought to the discussion, the reality of 8B shares and maybe a better way to take advantage of news. I also point out that pumpers are not the good guys. They weren't in 2009 and they will not be in 2015. They are the clowns of the board, unable to discuss anything in a rational way. It's their way or the highway. They will berate, they will tell you to ignore, they will use the thumb.
Here's one last thought, let day traders also pay for the dilution this time.
Here's my plan and strategy;
I hope we see .005. I will sell 1/2 here. If it hits .006, I will sell 1/2 of my remaining position. At .007 I'm out completely.
After maybe 1 month of cooling off and listen to all the excuses by edbi and company. I would start acquiring again at .0025. Waiting on first USA pharmacy deal and some wins in doctors climbing on board. I will be able to buy back 2.5X my position. Then I see this hitting .0075 on new pharmacy deals.
This will be like seeing this run to .0179. That would be needed to match my play, compared to holding long term. See I need 1/3 the move they need to walk away with all winning trade.
Remember $8M dollars is made with every .001 move. Do they even sell $8M a year right now? There is a winning strategy and I don't see, holding as the best one. Unless you like taking antacids.
The beauty of my plan, is I'm sharing it now, ahead of day traders rushing in. Just don't fall for hype that is so out there, that only a idiot would be making that claim.
Maybe in another 2-3 years we can see some valuations in the ball park of .10. But you also have to remember the Whelans will also be eyeing this move and welcome selling another 1B-2B into it.
You know what is worse then a basher, is a pumper. No one calls them on it, because you want to hear this BS. Makes you feel good. I just share what I see happening and what to watch for and who to be careful of.
BTW did I bash this company in any way? I just the voice of reason. The only way I would hold long term, is if they had a plan for insurance to pay the cots. That will be a battle that could take years.
Has any pumper ever made you money? The Edbi have been here for 7 years, has he ever made money? Do my concerns warrant attention and should you just be aware that the any move up, if it doesn't hold, is your lost opportunity.
I post what I plan on doing. However I'm happy with a 5x my money and sit back and watch. I may have egg on face when the dust clears or look smart. $100M valuations, don't come easy in penny land.
We have to rely on buyers willing to fork out $20 for relief. The euro is tumbling and that means more euro's have to be forked out to buy it. So growing pains are not going to be discussed by someone pumping you full of hot air. Let the day traders take this up, watch closely and set your targets. Do not get focused in on the valuations, put forth by the idiots here. They do not have your backs they have theirs and you can see that by their games.
We are going to go five steps up and 4 steps down. The over zealous day trader, is who I want to stick holding this. Then when they get discouraged, I buy it back. But that is my plan. I just share, so you don't get sold a bag of BS.
The pumpers are worried I will let the cat out of the bag. The worst investors are rubbing their hands together and inventing valuations of $1.2B on the low end and $16B on the high end. EDBI has posted numerous posts to shove off the front page.
See he doesn't want you thinking about each .001 move means $8M dollars. That at some point after news, there will be investors cashing in, who are holding large positions. I could go along with their game and deceive investors into thinking that this FDA ruling is worth $1B.
I believe this is a slam dunk and there are profits to be made. We have the advantage over the day traders. I'm sure we all have experienced moves, that don't stay there. Just this past week we have seen that. We also are in a biotech bubble and the seen even good companies sell off. My guess this group here wants to take advantage of as many as they can here.
Today, it's take it and run. I'm here warning that is what I see coming. A fluctuation of .005 up and down, means someone made $40M. Long term, you may one day see a penny hold. But that will be built on fundamentals. Sad to say that you will need fundamentals to hold a penny, but with 8B shares, that is the reality, that posters like edbi, will not want you to hear.
His claim that .15 is in the cards. When I question you would need $60M in profits to support it, he labeled me a basher. Well let's look at the numbers:
$60M divided by 8B shares= .0075 a share x PE of 20 = .15. BTW to get to $60M they would need $400M-$500 in revenues.
There is some money to be made here and large swings coming in price. The cowards here are here to pump you up and ignore any support for things they claim.
That could because they are holding 100M shares and deep down happy to see a .005 move. I just do not want the day traders to walk away with a win, when it's us who have followed this company for years.
My bad. At .01 this would be valued at $80M. So a move from .001 to .01, there is $72M up for grabs. The PHD math skills rubbing off on me. So every .001 move, we are talking about $8M in value. So at .005, $40M out of thin air. You think all these 8B shares are going to hang around when $32M floating around for the taking?
I don't think so and pumpers shouldn't be posting about anything near .15. Moves are now very large when you do the math. I now seriously doubt we see .005 on FDA news. I will be adjusting my exit strategy on this.
I don't see anyone claiming substantial loses. However, there are plenty posting billion dollar valuations. The chairman made some great points and hinted ink drying on some purchase orders. I think I'm the only blogger, who made a educated guess, what the new pharmacy deal means for BIEL. To refresh, 1077+66 stores, I see the initial order for around $600K and annual sales around $5M- $6M.
$6M a year, will take some bite out of loses. If they operate on a 33% margin, this leaves about $500K per quarter of operating profits. This is before expenses in S&G and R&A, taxes, depreciation, interest.
Trading looks like the smart way to play this. But we all have our own decisions to make. If you ask the pumpers to stop with the silly values, maybe we can have an intelligent discussion, on how to make money here.
I'm happy you are approaching this from a level head. You can hold as long as you want. I hope no one's career hinges on this stock, except Whelans. Did you notice how fast we went from .002 to .0009? Pretty fast exit would you say. Something like $1M in vale disappeared. This was pretty good news. Another thing to consider, the health care is losing traction. When things are going good, a small penny can steal some, but when out of favor, that is harder to get.
I read your reply and hidden inside it was the theme, that we are going above a .01 and you are in for the long haul. Well no one has a crystal ball and many opinion should easily be posted with out ridicule. Sharing ideas, is what a MB should be about. Some here feel their opinion only matters. However cannot for the world defend any valuation near .25. That is $2B value.
As you can see, these values are without merit and are by design to keep some suckers holding. My goal is to turn the tables on the day traders. Get them to pay for my profits.
But the bottom line here, is any move up to a penny, is $7.2M in value. If we couldn't hold $800K for more then a hour, how are we going to hold onto $7.2M?
Why so many attacks when all I did was question edbi posting this is worth .15-.25? I'm not a basher, I just look at the facts. If I am bashing, then why would I feel the FDA news is maybe worth a penny on hype? That would be as dumb as claiming this will get to a .25 or $2.
Look, I'm enemy number 1, because I raise a few questions. I'm enemy #1, because I can do simple math. I'm enemy #1, because I am not afraid to alert investors that their are hundreds of millions of shares, waiting for even .005 to show it's face here. Just because I post serious, to be concerned, doesn't make me a basher.
Today you can buy 50M shares for .001. If this gaps to .005, you can walk away with $200K profit. That is just one example. So just be careful who is feeding you BS. They are here with a agenda and that agenda, needs you to replace them. Don't worry, I will be very quiet the day news hits, but I will be glued my finger to the sell button. You wait and see the up and down. But you will regret not selling into news.
Day traders are the ones not reading this. They will get my shares and I will then sit back and evaluate. This is a trade. I'm just being honest and you don't like that.
My guess this is what the pumpers are holding. They use these boards to fabricate values way above what they are looking to get out at. They need as many investors thinking this is worth .15, .25, $2 so .01 looks small. The 50M shares they have, would like to take $500K and run, leaving you with the bag. They feel they held it long enough. They will do this using multiple id's and as you see, the numbers they throw out there, .15,.25 and $2. This is by design. Get you greedy and thinking they are right, because so many id's all singing the same praises.
They do not like anyone with alerting this board to their plans. Ask them a single question about that valuation and they have a hissy fit. They roll out numerous id's and attack you.
I'm here to make money and hopefully dump this into the day traders on FDA news. That is my goal. I'm not here to get false valuations, built on a opinion that was wrong for 7 years. Remember this one detail, a lot of shares were bought at .0007, including mine. This little group is hoping to cash in on this large move. Greed is what they need from us. Well from you, not me.
See I lite the match on the bag of grap they are holding. Someone is going to make a lot of money anywhere near a penny here. They will fill your ears with over valuations, but not one id here can support that claim. They get peeved when you raise any fundamentals on their numbers.
But you learn this the hard way, because all edbi wants to do, is dump as many as he can at the best price the street hand out on real news. Be careful of over valuations claims. Maybe I should join them, because I want to take advantage, I just do not resort to hype. I like an even playing field and feel comfortable, I can estimate the point to enter and point to exit. Clowns do the opposite.
Apparently rory feels threaten on this board. He knows that when I start asking questions, he's too stupid to answer. They are throwing out high valuations, because they are the same idiots, who watched 99.9% of the value here disappear.
Trade this stock when news comes and let the idiots who pumped holding the bag. The fear is in their posts. If I was wrong, they would not work so hard to bury things. The pumpers here, are planning the same strategy I am posting, however, it doesn't work if we do it first.
I am the only one here with an unbiased opinion. That is what scares the grap out of the pumpers. Someone showing up that is long and not pumping. My posts are on the mark and accurate. They raise the issue about revenues and growth. They take into account the dilution and hype by you personally.
So, no one is to question anything. Hard taking directions from the same parties that watch this fall from .12 to .0004 and not one time did they question anything.
Seems the pumpers are not happy when someone here uses common sense. I can start billy's test here and make you own your BS. You want that? You screwed everyone for 7 years here, I have not screwed anyone. I will post and you can use your thumbs, but I own this and I am entitle to my opinion, even if it doesn't sit well with the grap you have posted here.
So cappy, I can focus in on you first, embarrass you to no end and just like PHD, your Id will be useless. I have no baggage, you do. My guess coach, edbi,phd and several other id's here are the same clown.
Lucky for you I don't care. All I'm focused on is a trade.