Reliance Genemedix Share Discussion Threads

[captainspock] 19/2/2004 09:42

By the way nikesh2 has gone suspiciously quiet over the last 45 minutes.

Has he/she possibly sold out & waiting to buy in again once more clarity on the possible merger, perhaps ?????

[captainspock] 19/2/2004 09:36

Well as I said the sheep followed Singapore, but now comes the interesting bit.

There was some heavy buying towards the end of the day in Singapore after it hit its lowest point of 0.805 & rose back up 4% before the end of the day.

As comparisons go it is looking oversold here now on profit-taking, therefore a similar steady recovery for the rest of the day is on the cards, IMHO.

[trumpet] 19/2/2004 09:33

Seems like a bit of an odd stock for EK to short, the company have a list of drugs ready for production that are going off patent very shortly. If the company were to team up with (or indeed get taken over by) a company of the same ilk further down the production and distribution route then the revenue stream could be significant and achieved in a shorter timescale. Add to that biotechs are fairly hot at the moment so it is somewhat swimming against the tide.

Still think this will be driven by Singapore due to the relative volume and that more is known about what is going on over there.

[dennisbergkamp] 19/2/2004 09:30

EK is bound to give a ridiculous price on the stock if he's going to short it... I know I would.. It's obviously a silly price but people will follow him... I wouldn't put too much into it... as long as the co. keeps us informed then the price will continue upward...

D.

[captainspock] 19/2/2004 09:25

Well were down 11.8% here but the tree-shake has cetainly been overdone compared with Singapore.

Good time to buy back in, IMHO.

[captainspock] 19/2/2004 09:12

Well Singapore just closed & after a bit of a rollercoaster day, looks to have finished down 8.7% on volume of 4.6m shares.

The market here will I suspect follow Singapore & could finish down a similar %age but IMHO will stabilise at around current levels until the next RNS on the merger/bid progress.

[truckertee] 19/2/2004 09:07

Just 1 RNS from this co. and EK could be made to look a fool.
Regards
Tt.
Posted this on the other thread by mistake,pointless having 3 threads running might as well stick to the original.

[truckertee] 19/2/2004 09:02

Just 1 RNS from this co. and EK could be made to look a fool.
Regards
Tt.

[captainspock] 19/2/2004 09:01

I think we should all actually calm down here & forget about any predictions.

Lets remember that GMX are only in discussions over the possible merger/bid & no deal has yet been done & as far as know I have yet to see any analysts theory on the price that might be agreed for any such merger/bid.

Indeed the merger/bid may well not happen as it is not yet cast in stone.

[captainspock] 19/2/2004 08:56

Optimist23.....

How much of a loss did you suffer ?

[captainspock] 19/2/2004 08:53

Current situation in Singapore, improving slightly before the close.

Last Trade
4:49pm · 0.835 Change -0.085 (-9.24%)
Prev Cls 0.92 Open 0.89
Volume 4,459,000
Day's Range 0.805 - 0.92 Bid

[optimist23] 19/2/2004 08:53

Evil Knievel has opened his short position with a 5 pence target hence I am out. Could have a big effect on the price. He thinks the company is worth only 5 pence.

See other thread.

[nikesh2] 19/2/2004 08:52

u have no faith man
u gotta believe it for it 2 happen!

[captainspock] 19/2/2004 08:50

nikesh2.....

I have to admit you are ramping very vigorously, but I dont think its gonna help GMX today- now down 10.33% in Singapore, incidentally.

I have no reason to deramp having only got in @ 21.45p & 21.5p, but it aint looking good at the moment today, but tomorrow is another day perhaps.

[nikesh2] 19/2/2004 08:40

a few big buys could punch this stock high

[nikesh2] 19/2/2004 08:37

if price touches 20p before 11am it will close above 22/23p

[nmitra] 19/2/2004 08:36

nikesh2
so what's your price prediction today?
15p or 25p?

[nikesh2] 19/2/2004 08:34

the singapore markets were catchin up with us
watch the stock and we will see

[captainspock] 19/2/2004 08:27

Nikesh2......

What happened to your confident predication that I might make 30-40% on price of 21.45p ?????

GMX down over 9.78% in Singapore & still falling so that will surely be replicated here today ?

Sorry, to be so negative, but I do not think all the ramping in the world is gonna prevent this from falling further today.

The sheep effect has begun here as the shares were also sharply marked down in Singapore initially, then picked up, only for a steady decline for the rest of the day & now trading at close to the days low.

[alexwalia] 19/2/2004 08:25

this share was not £20 on uk markets nor 70p

[nikesh2] 19/2/2004 08:25

if a few more buys come in now the stock will fly
it fell on few sells in early trade
those who rnt in can get in now!!!!

[dulay] 19/2/2004 08:19

.





Check out Netbenefit (NBT), 52.5p

One day closer to the figs, get read y for this price to go skywards all
brokers forecasting 4.6p so PE low
Figs on 12 March

Last time jumped to 70p on results
was once £20 so could go anywhere

Figs on 12 March

[truckertee] 19/2/2004 08:15

I bought 25k at 18.92p,went through as a sell.
Regards
Tt.