Biocompatibles Share Discussion Threads

[tratante] 01/6/2007 09:19

Tipped in IC today

[plutonian] 31/5/2007 09:44

Medtronic are going head-to-head with Johnson & Johnson on stent safety. If the PC coating is as good as the recent trials have shown then they could take a significant slice of the litigious US market.

[tratante] 29/5/2007 14:59

SP nearly back to where we started with this stent story. Good to see such steady progress in BII.

[plutonian] 25/5/2007 14:53

$77M sales in last quarter! $308M a year? $4.62M revenue per year (and rising with US sales) from 1.5% royalty?

Not bad for something I had written off :-)

Pluto

[tratante] 08/5/2007 11:33

perhaps because it confirms earlier data, but good for the trend I am sure.

[morning_glory] 08/5/2007 10:50

Muted response to good news?

[tratante] 29/3/2007 10:24

There is a lot of good news to come from BII this year. Remember the business is still only 70p, £1 of the share price is cash. Still undervalued in my book. Unlike some biotechs, BII are developing a technology not a drug. The drugs used in conjunction with the beads are already approved. Because the beads are classed as a device they can be used and sold before trials are completed. Nevertheless the data coming out of the trials is excellent on all fronts, efficacy, tollerance and safety. Much less risk than drug based companies, and likely to be of great benefit to patients.

[kallista] 29/3/2007 09:47

sorry tp100 - maybe time to go long. this went from 170 - 175 to 178 - 182 in the time it took me to make a cup of tea!

[tp100] 29/3/2007 09:43

good move up today, my short looks to have been an error.

[plutonian] 28/3/2007 16:48

No, it looks like a break out from the longer trend to me. But agreed... interesting stuff :-)

[tp100] 28/3/2007 16:22

Although short term chart trend has been bullish, it has to still push through the bearish trend of lower highs (235p, 232p, 216p, 198p... 170p?). Another strong move up and I will close my short for a small loss but, if not, a return to 150pp looks likely.

Interesting stuff.

[tp100] 28/3/2007 15:57

decided to go short at 167.75p but now not sure.....

[kallista] 28/3/2007 12:51

A clear break through the 200ema. Looks promising. The 200 ema has acted as a ceiling previously.

[tratante] 28/3/2007 12:48

Sudden rise, may be news in the offing - response to SciClone's application to distribute in China? Due about now.

[tratante] 09/3/2007 07:23

Very good results. Making progress on all fronts. US sales growth worthy of particular note.

HIGHLIGHTS * Revenue increase of 75% to £6.0m (2005: £3.4m).
* Gross profit increase of 136% to £3.8m (2005: £1.6m).
* Operating loss of £8.0m (2005: £11.0m).
* Cash, cash equivalents and available-for-sale financial assets at 31
December 2006 of £37.2m (2005: £41.0m).
* Further £10.3m gain on sale of discontinued activities.
* CellMed retained, put option waived.
* New distribution agreements with Angiodynamics (US), Terumo (EU), SciClone
(China) and 5 regional distributors.
* Start of metastatic colo-rectal cancer programme (Irinotecan Bead).
* US sales growth (56%) - increased traction in key market.

[tratante] 16/2/2007 10:48

Should get news on SciClone's application to distribute DC bead in China within the next month or so. A bit of (good) news would help keep the momentum up.

[scribbler101] 14/2/2007 15:49

It'sw usually someone with a robot trying to trade without moving the price against themselves

[tratante] 13/2/2007 13:11

Why the drip of sells of 619 shares? odd?

[tratante] 12/2/2007 23:31

Not according to your source. Not really rounded either. We'll soon see anyway! (Could you remove some of the text and leave the link?)

[robin_of_loxley] 12/2/2007 14:12

not sure it works if it was a downtrend before the cup though.....

[robin_of_loxley] 12/2/2007 14:10

worth watching out for over the next few weeks perhaps?

Cup and Handle (

A pattern on bar charts resembling a cup with a handle. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as seven weeks and as long as 65 weeks.

As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks... then it takes off.

A couple points on trying to detect cup and handles: Length - Generally, cups with longer and more "U" shaped bottoms, the stronger the signal. Avoid cups with a sharp "V" bottoms. Depth - Ideally, the cup should not be too deep. Also, avoid handles which are too deep since the handles should form in the top half of the cup pattern. Volume - Volume should dry up on the decline and remain lower than average in the base of the bowl. It should then increase when the stock finally starts to make its move back up to test the old high. Retest (of old high) - doesn't have touch or come within a few ticks of old high. However, the further the top of the handle is away from the highs, the more significant the breakout needs to be.

---------------------------


A cup-and-handle pattern resembles the shape of a tea cup on a chart. This is a bullish continuation pattern where the upward trend has paused, and traded down, but will continue in an upward direction upon the completion of the pattern. This pattern can range from several months to a year, but its general form remains the same.

The cup-and-handle pattern is preceded by an upward move, which stalls and sells off. The sell-off is what forms the initial part of this pattern. After the sell-off, the security will basically trade flat for an extended period of time, with no clear trend. The next part of the pattern is the upward move back towards the peak of the preceding upward move. The last part of the pattern, known as the handle, is a relatively smaller downward move before the security moves higher and continues the previous trend.

Components of the Cup and Handle
There are several components of the cup and handle that should be noted in order to evaluate the potential trading signal. First, it's important that there is an upward trend before the formation of the cup and handle. In general, the larger the prior trend is, the lower the potential for a large breakout after the pattern has been completed. The reason being that a lot of the run-up in the security happened prior to the formation of the cup, again weakening the size of the potential upward move.


Figure 1: Cup-and-handle pattern

The construct of the cup itself is also important: it should be a nicely rounded formation, similar to a semi-circle. The reason is that a cup-and-handle pattern is a signal of consolidation within a trend, where the weaker investors leave the market and new buyers and resolute holders stay in the security. If the shape of the cup is too sharp (or quick), it is not considered a true consolidation phase in the upward trend and thus weakens the potential trade signal.

The cup's height should also be a focus: a traditional cup-and-handle pattern should be between one-third and two-thirds the size of the previous upward movement, depending on market volatility. So, if the move of the preceding trend was from $10 to $35, the height of the cup should be at least $8 (roughly $25 x 33%) to $16 (roughly $25 x 66%). The height of the cup can also be used as an initial price target after the pattern completes itself and breaks out of the handle.

The Handle
Another important component to watch is the handle, as it completes the pattern. As mentioned before, the handle is the downward move by the security after the upward move on the right side of the cup. If the handle is downward moving, the general rule is that the handle's downward movement can retrace one-third of the gain made in the right side of the cup. During this downward move, a descending trendline can be drawn, which forms the signal for the breakout. A move by the security above this descending trendline is a signal that the prior upward trend is set to begin.

A more conservative breakout signal would be above the price point of the two peaks in the cup. This is the price where the initial upward trend peaked and the point where the cup's upward move on the right side peaked before entering the handle. A breakout above this point is the strongest signal of a true resumption of the prior trend.

As with most chart patterns, volume is vital in the confirmation of the pattern itself and the signal formed. Again, the most important area of focus is the breakout: the stronger the volume on the upward breakout, the clearer the sign that the upward trend will continue. Like the head-and-shoulders pattern, the price may move back to the trendline to test the support.

The cup and handle is another time-tested pattern that has created valuable gains for investors. The components mentioned above are not absolutes but help to highlight areas of focus as a security trades in a cup and handle.

[robin_of_loxley] 12/2/2007 14:03

cheers tratante

regards,

RoL
>>>>------------------>

[tratante] 12/2/2007 13:55

No probs, I don't usually do that - don't want to be accused of ramping - but thought you had an interest - and you probably need to get away from the ntx thread for a change! Many thanks for the thread improvments here.

They have been going up a bit quicker than I expected, but at some point it was going to happen when people realised that the sell off on the Abbott news was an over reaction, and that £1 of the Sp was covered by cash. Add to that the the regular updates on the success of the beadblock trials and it looks a very good story. A major advantage is that the drugs involved are already tried and tested, its just a matter of improved delivery. In the latest liver cancer trial the difference between the bii beads and the standard treatment was dramatic. See posts above for details.

I think these are cheap under £2, but the real value is more like 2.60-3.00 one broker had a target of ca 260 more than a year ago. As to when or if they will get to those levels - I have no idea - no good at that kind of thing, need fingers xxd on the case. But they do tend to move in biggish jumps, they are not one of the popular shares as this BB demonstrates and holders tend to be longish term I suspect knowing there is an interesting story unfolding.

Been a good month with oxb as well!

Whatever you decide good luck! No advice intended!