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BIOLASE, Inc. Message Board

mrexcelerator 3987 posts  |  Last Activity: May 9, 2006 5:20 PM Member since: May 29, 1998
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  • Reply to

    Grant's on to greener pastures

    by mrexcelerator May 9, 2006 5:02 PM
    mrexcelerator mrexcelerator May 9, 2006 5:20 PM Flag

    Yes it hasn't changed since the fall of 04. I've just been sitting on a bit under 10K shares as they go up and down, they are mostly in retirement accounts.

    I spend so much time abroad now that being an active investor like I used to became impractical. Plus, heck, I did confuse brains with a bul market in BLTI so I "know" less than I used to.

    Congrats to shareholders who sold calls but want to hang in.

    I still think laser dentistry is spectacular and should be virtually mandatory for children's teeth.

  • mrexcelerator by mrexcelerator May 9, 2006 5:02 PM Flag

    Grant came in because BLTI looked like it was poised for spectacular growth. He became CEO almost by default when Jones stopped delivering. I haven't been following closely since then but it seems sales growth stalled and the task became bringing costs in line with sales rather than building for growth. Boring!

    Grant leaving is not a statement that BLTI can't grow and become profitable. It is a statement that the upside is limited.

  • Reply to

    Forced to cover today

    by mshnv Jun 17, 2005 4:21 PM
    mrexcelerator mrexcelerator Jun 17, 2005 11:38 PM Flag

    I hac the same problem though they let me keep a few hundred shares, had to cover 1600 @ 3.64 and I do feel cheated. JPM / Brownco still has shares.

  • Reply to

    3.81

    by mrexcelerator Jun 10, 2005 2:48 PM
    mrexcelerator mrexcelerator Jun 11, 2005 12:15 AM Flag

    Can you imagine thes stock getting above $5 again? who would invest big money for that prospect? I just don't see it. the hedge funds would lay back if they were assured some new buyers would come in later. In most stocks those new buyers would come in on earnings. There's no history of earnings here. How about news that has the effect of isnpiring optimism on the part of the legitimate shareholding public (including institutions)? Plenty of that but not in the last year and change. Bare bones filings and grim financials. Somehow selling stock at $5 when the stock was trading at 6 didn't inspire a lot of shareholders at $6 to buy more. Duh.

  • Reply to

    3.81

    by mrexcelerator Jun 10, 2005 2:48 PM
    mrexcelerator mrexcelerator Jun 11, 2005 12:08 AM Flag

    Look at a 1,2 or 3 year weekly chart. Today's candle is like a bright red blob of wax dripping off the end of a candleholder. Off into the abyss of realistic valuation for a company in the financial condition of this one.

    Come on, sales are at a comical level. None of the licencees are performing at an adequate level (if at all). Meanwhile expenses continue unabated and management, through whatever means, seems to keep the wolf from the door by selling stock.

    The trend is clear. Small weak rallies and relentless selling. Down down down. let the air out. If things look promising in the market in general make a run on the stock by buying shares (or get lucky and get shorts covering who preferred their double digit gains than the prospect of waiting years before the stock price collapsed to near oblivion). This hapened when the dot com crash ended and the markets went listless. now the general markets don't look poised for some major run. little 5-105 blips up and down ocassionally, well sure. There needs to be at least a little action.

  • Reply to

    3.81

    by mrexcelerator Jun 10, 2005 2:48 PM
    mrexcelerator mrexcelerator Jun 10, 2005 11:51 PM Flag

    A few years back the stock ran from this level to 17. Now the rises up are much smaller. Whatever it was that stimulated demand other times this company was in substantially the same financial condition is absolutely lacking now.

    The supply demand equasion is all out of whack. Optimism has been wrung out of all but the most die hard or disinterested shareholders. With no news the public isn't going to want to buy into this stock unless there is some of earth shattering importance.

    Today the stock ran up from the $3.80 level and fell back. There is no onslaught of sellers. It is in both sides interest to let the air out of the baloon as slowly as possible in order to maximize the total return on shares prior to the major collapse in the price that is virtually inevitable.

    But the hedge funds might not have infinite patience and thinking, "maybe I can get out of my 200K shares in the 3's real quick and wash my hands of this thing". Maybe the stock is so thin that 200K on the ask would crash the stock into the 2s in a couple of days. Well then how about 100K? That amount in the 3s and I'll wait to see about opportunities to unload the rest of the shares higher after the stock recovers from the shock of the selling.

  • Reply to

    3.81

    by mrexcelerator Jun 10, 2005 2:48 PM
    mrexcelerator mrexcelerator Jun 10, 2005 11:26 PM Flag

    Only 300 shares traded at that level. The real low for the day was 3.80.

    You have to be impressed how some shares got sold at $4.09 in a head fake during late lunch time. Still the trend is down. Current shareholders and sham buyers have the same interest as institutional (hedge fund) sellers, that is get the price up. One wants to sell and the other hopes to somehow stimulate demand to bring in new buyers.

  • Reply to

    3.81

    by mrexcelerator Jun 10, 2005 2:48 PM
    mrexcelerator mrexcelerator Jun 10, 2005 11:15 PM Flag

    < I purshased my first 100 shares around 1990-1991>

    So you've been in this stock at least 15 years. Ever trade any shares, take profits or sell out?

    Do you have any other companies on the market today that I could pay $3� for and could expect it to be worth the same $3.50 at summer solstice 2021? Why in the world would I buy it?

    And you're still a bull?

  • mrexcelerator by mrexcelerator Jun 10, 2005 2:48 PM Flag

    After a very sleepy couple of weeks volume is picking up again. Immediately the stock is testing recent all time lows. Not that 40K shares is much volume - especially with the NAZ double count.

    A bit over 4,000 shares just went out at 3.81 my guess is this is the current line in the sand drawn by supporters of the price.

    Those hedge funds got smoked. They are patient but even holding back is not rewarded by any meaningful price rise. Both buyers and sellers have an interest in a decent close. Let's see if they can paint the tape above $4 tonight.

    Yesterday was the first day this stock closed below $4 ever. Three days under $4 and all the remaining margin buying power will be gone for all long holders of the stock.

    Whatever happened at the annual meeting it certainly did not stimulate a lot of buying. Maybe there were some expectations. No such luck.

  • mrexcelerator by mrexcelerator May 16, 2005 11:41 AM Flag

    Pity the poor hedge funds. They simply can't unwind their positions without sending this stock precipitously down.

    The latest insider buy, 10K @ 3.84 may not look good for long.

  • Reply to

    Silence, Nothing But Silence

    by nickel_a_post May 16, 2005 10:07 AM
    mrexcelerator mrexcelerator May 16, 2005 11:37 AM Flag

    It seems the loss of the stimulative effect of "optimistic" press releases has starved the stock of new investors. As old longs throw in the towel new longs are harder to find. It is simply one factor letting the air out of the stock.

  • Reply to

    Run at 5 failed

    by mrexcelerator May 13, 2005 11:09 AM
    mrexcelerator mrexcelerator May 13, 2005 5:21 PM Flag

    Nice tap painting on a few hendred shares but the facts remain that the stock is well under 5 and falling on very light volume.

  • Reply to

    Run at 5 failed

    by mrexcelerator May 13, 2005 11:09 AM
    mrexcelerator mrexcelerator May 13, 2005 11:47 AM Flag

    The bid hit $4.11 on that last 1000 share flurry. Not many buyers sitting around with itchy fingers at this level.

    REFR has lost control of thier stock. They still have their cash so they can continue to pay themselves but it looks like they have suckered their last buyers into floating the company.

    Early leader bullish on "unanounced test samples"? Test samples, like maybe they work and maybe they don't? Like zero revenue? And even that is not announced by REFR. You have to be joking.

  • mrexcelerator by mrexcelerator May 13, 2005 11:09 AM Flag

    Who would have thought. The guys at IDN have figured out how to drop it under 4 and crank it over 5 and even 6.

    The story with REFR simply has to be the new investors are pouring shares into the market when the price approaches 5. Considering the weak volume they have a lot of shares to get rid of still.

    Refr literally spent only a few hours under 4 last week. Still about 100K shares traded. Some panic selling then it quieted down and then the insider buy of 10K @ 3.84 soaked up the bottom. That was a great technical buy if you were planning to sell at 4.99 in the not too distant future.

    There was some good volume the few hours the stock broke $4.90. Then virtually nothing for the days it was in the 4.80's. Today somebody got tired and 15K dropped the price 30�.

    Support is thin. There are more panic shares to be sold when the price breaks again. The only question is whether they will be able to get the stock off the floor again when it does crack.

  • Reply to

    This still makes no sense

    by CSMultrum May 9, 2005 8:15 PM
    mrexcelerator mrexcelerator May 10, 2005 11:23 AM Flag

    Look at the price - up a buck in a week and poised to break 5 again.

    another thing that makes no sense

  • Reply to

    10k decay

    by nickel_a_post May 9, 2005 4:59 PM
    mrexcelerator mrexcelerator May 9, 2005 9:02 PM Flag

    Same as usual.

    They have enough cash to get through until the end of 2006. They are so good at selling stock it is hard to imagine they won't raise more money when the time comes.

  • Reply to

    Keen buys more

    by seeingthefuturesmartspd May 5, 2005 9:25 AM
    mrexcelerator mrexcelerator May 5, 2005 2:26 PM Flag

    Light volume and a falling price is simply confirmation of weakness. Today's action is great follow through on yesterday's high volume new low.

    4 is not as important as 5 but it is still important.

    A stock can sink of its own weight.

  • Reply to

    Does Any One Remember?

    by poccidenarri May 4, 2005 7:21 PM
    mrexcelerator mrexcelerator May 4, 2005 7:25 PM Flag

    They obviously have some contingency plans. Lets see if they lead off with more buying tomorrow. 150k is a lot of volume for this stock and it came up pretty easily late in the day.

  • mrexcelerator by mrexcelerator May 4, 2005 7:21 PM Flag

    This guy has a ton of stock in his IRA. Fortunately he can deduct the loss on Schedule A (subject to a 2% AGI haircut)

  • mrexcelerator by mrexcelerator May 4, 2005 11:31 AM Flag

    Picking up but still nowhere near panic levels.
    If each 50K shares is worth 30� like it has been lately imagine a million share day.

    Who are these longs who are holding on to this stock? What will it take to wake them up?

BIOL
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