Biosensors Chart ?
I’m not a chartist and I don’t have proper charting software, so I don’t have chart 
Normally I just use the free chart from SGX website or ongsmart’s blog got pretty good chart also. Anyway, just a recap on the recent movement of Biosensors :
The jump in price is because “Netherlands’ court ruled in favor of Biosensors in an action for a
preliminary injunction brought against it by Angiotech Pharmaceuticals and Boston Scientific Corp.”. Price has been moving side way for half a month, I believe everyone is still waiting for more news, me too.
Currently I’m still in profit, might cut loss if it drop below 0.80. I feel that even Biosensors lose to Boston Scientific, the reasonable impact shouldn’t be more than 1/3 of the original price, or else there is something that i didn’t know, or the impact is worst than what i can understand. If the drop is stabalized at 0.90, will average it.
Biotech field is like that, high risk high reward. Look at all the PEs then you will know. Everyone buys on expectation, and evey company will be in red for starting years. Biosensors should be doing better, as medical instruments can pass FDA tests in a shorter time frame, so it can bring in revenue faster, unlike drugs.
Anyway, I intend to hold as I can take a price depreciation of 20 – 30 cents. For investor who don’t want to risk the money and want better cash flow, better wait for more news first, as earn abit lesser better than loss money.
For me… well just like a venture capitalist who decided to invest a biotech company :
Believe in it, put your money where your mouth is, hope for the best
February 16th, 2012 at 6:18 am
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