On August 18th the time and sales information on the trading of BPTR had an interesting anomoly. There was one trade, which printed at about 10:30 EST, for 1,830,000 shares at $.84.
Without going back into history, I am willing to guess this is the largest single trade in the history of BPTR. The event brought some inquiries from members – we all want to know what this was all about.
I made some calls to fund managers who I know are involved in the stock and couldn’t find out any facts. However, I did hear a rumor. Like all rumors you have to take it a face value and assume it might be true or completely false.
I share this with you so long as you understand it might not be factual and might not represent any reason to purchase the stock.
I heard the following- the trade was the purchase of a block of shares remaining from a private placement BPTR did two years ago. At the time, the shares were priced at $.30, since the company was nearly bankrupt the funds allowed the turn around to take place.
The majority of the shares which were for sale from the private placement have already been absorbed by the market.
I have heard a rumor that the 1.83 million share trade was a sale of the last of the $.30 stock to a fund that wants a large position in the company, and intends to make more open market purchases.
This may be totally false, and in my view doesn’t represent a reason to run out and buy the stock. You should buy the stock if you like the company first. An expanded audience of institutional investors would be just what the doctor ordered in this situation. The large trade enhances the possibitity of that occurence.
For what it’s worth, the longer term chart of BPTR is quite interesting. This is a weekly chart going back to mid ’03.
On a longer term basis, it is interesting to note that the lows continue the pattern of getting higher. The highs got a little lower, but on a shallower slope.
The stock has made great runs in the Fall each of the last two years. This year, I believe the stock has to break above the old $1.20 high to have any chance of going on to higher highs.
This is the time of the year for this stock. It is 2 for 2 over the past 2 years. Perhaps it will be different this year. Time will tell. With potential massive new contracts in the pipeline, it could get interesting if it falls BPTR’s way.
I think its time to give up – the stock price never lies – and it definitely indicates that something is not right at the compnay despite recent results
Editor: I certainly wouldn’t discourage you from selling if that is your choice. The stock performance has been a disappointment for all. Of course, the unwritten rule of investing is that as soon as you buy it goes down, and as soon as you sell it goes up. Since the stock has made its 52 week high in the Fall each of the last two years, the end of the summer when things are generally the lowest doesn’t seem like a good idea timing wise. However, there is no doubt this has been a huge disappointment, and I wouldn’t blame you if you did sell.
you must of given up also.hitting 69 cents. Its a pump and dump lets face it
Editor: If you are concerned, just sell it. I don’t care.
The same POS as NTDL
((((( Congratulation
Editor: You are wrong, so apparently you have difficulty either reading or understanding. On NTDL I gave up and said to sell it. It was a failure. In the case of BPTR, you are the one who is giving up and calling it a failure. If you want to sell it, go ahead. You could end up being right. It could go down. I am hanging in there, but I don’t care if you sell. It’s your money and your choice. In this case, the company is doing well but the stock is not. If the imbalance ever gets corrected, I’ll make a lot of money on the investment. If not, I won’t.