Bioprogress Future2

NAV_Mike - 22 Dec'05 - 08:04 - 8380 of 8404
Truly amazed to be seeing sellers this morning

I posted this point yesterday but I think it got lost in the flurry of postings:

Could it not be argued that we have already experienced the rise that the majority are expecting off the back of this news? By this I mean we rose from the high-twenties to the low-fifties as of yesterday morning in a relative news vacuum with the majority of us trying to second guess what the news could be that was causing the obvious rerating.

Well the news has finally come and good it is too but maybe we should not expect yet another mega push so soon, with the subsequent dip being in hindsight the expected realisation of "buy on the rumour sell on the news" mantra.

What appears clear in my opinion, given the way the news release has been worded, is that we can be hopeful of considerable newsflow over the coming weeks and months, any and all of which will likely further kick-start the SP. But for now - again in my opinion - the current SP is already reflecting the potential this news release has revealed. A bit more news and away we go.

Vanilla