To: Paul Kern who wrote (4) | 4/12/2001 2:57:04 AM | From: Jon Khymn | | | >>I'm looking for a drop into the mid-30s, if I'm right<<
Hi Paul, somehow I missed your last post ...
And you were RIGHT, it did drop from mid 40s to mid 30s in a hurry after your post. Good call.
Wish I saw your post two weeks ago AND shorted MU. <g>
MU is probably a good short anywhere above 47s. |
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To: Jon Khymn who wrote (16) | 4/12/2001 8:45:31 AM | From: Paul Kern | | | Hand seems to be the short of the day. BINC ran up big on news and will probably run a few more days. I'm looking at maybe establishing a short here Tuesday or Wednesday after the volume drops.
Paul |
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To: Paul Kern who wrote (17) | 4/12/2001 9:13:18 AM | From: Paul Kern | | | I took another look at at BINC. It looks like this might be real so it might be a technical short -- too far up too fast -- but it's not one of the usual POS picks. In fact, if I can find the "buy" button, I might buy it.
Paul |
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To: Jon Khymn who wrote (15) | 4/13/2001 12:55:03 AM | From: Jon Khymn | | | ------------4/10 4/11 4/12 4/16
D 67.3 68.4 68.1 67.5 AA 37.5 39.3 39.0 39.0 UTX 74.9 74.6 72.9 75.4 JNJ 91.2 92.0 90.8 90.9 MO 47.0 47.6 45.7 45.9 <> ************ C 46.3 47.3 CEFT 44.3 45.7 NBR 52.9 53.7 |
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To: Jon Khymn who wrote (19) | 4/13/2001 8:57:40 AM | From: Paul Kern | | | Web,
I found the buy button and convinced my self to "invest" in this company -- a very strange sensation. Now they need a major food producer to sign a contract. This market has very little patience and if this doesn't happen soon, it's back to 6.
Paul |
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To: Jon Khymn who started this subject | 4/13/2001 6:53:20 PM | From: Paul Kern | | | Web,
About BINC see: washingtonpost.com
and this:
Dale Baker who wrote (24696) From: Londo Friday, Apr 13, 2001 3:32 PM Respond to of 24700
Again, congrats on BINC Dale.. but just to sober you guys up, I'll add the following:
BINC's balance sheet still isn't exactly the strongest on the planet. When it comes to negotiating royalty deals with other companies, they would be limited as others could see that they don't have a lot of room to move about.
Arla won't bring in any royalties for a couple years, so there's going to be some time before you'll see revenues ramp up.. so it won't be a billion-dollar product tomorrow (or ever)..
If its shown later on that the product isn't save, BINC would crash.
Obviously, approval is a significantly good event, and for a $100M market cap (and otherwise barely profitable operations), seems like a good gamble.. but hearing people talk about this being a $100 stock is totally pre-mature. Management has to prove they can ramp up growth, and make the product as profitable as possible.. royalty funding should help in a couple years, but the big $$$ is if they sell the stuff directly themselves, which req |
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