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Why Biolidics share price significantly dropped
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ken777
Veteran |
25-Apr-2020 10:12
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Monday alot selling, T+2 and T+4. BB not so nice to collect to push up de | ||||
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newbieliu
Elite |
25-Apr-2020 10:09
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Approval by FDA usa is a huge thing to begin with. Hence approval by HSA SG and approval by Philipines FDA did say something to getting a higher chance of approval by USA. If USA are viable in getting test kits, why would they promise to purchase 1.25 million kits in first 3 months? That shows that the demand is too huge and allows different companies to compete to meet the demand for different states in USA (all purchasing their own test kits without assistance by Federal). For now, OXford university are in the midst to start the experiment of vaccines on human , the fastest they can do is by September and no promise guaranteed to produce a viable vaccinne as shown by Gilead failure to do so. Hence, the test kits for immediate result is needed . Branding is still important in marketing. I believe the approval by SG HSA meant a lot to USA buyer. We all use Hua Wei system for internet and some also use their phones. China made might have issues if they are NOT verified by any credible party. Hopefully we will get lucky too in the sale of their test kits hehehe. Luck do play a part lol
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sbscap
Master |
25-Apr-2020 10:05
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To be fair to Biolidics, I think it has done well for a small company by developing a test kit that is supposedly good enough to sell to the world. Imagine lives being saved due to their test kits. I would be proud if I were part of this test kit team. Investors who are stuck at higher levels would have to think if this company is serious. If so, this successful test kit will hopefully earn the company some interesting profits, even if this is not a very huge figure due to competition, and allow the company to move forward with their newfound fame, contacts, confidence and knowledge. Moving forward, Biolidics may need to do other things like linkups with educational institutions and other medical institutions. It would need a broader and more solid base of products and services. Bear in mind this company has a history of losses and a company has future only if it is profitable. So even if one is optimistic, it is better to limit exposure to a comfortable level. | ||||
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sbscap
Master |
25-Apr-2020 09:48
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If a small company in Singapore called Biolidics can do it and another listed Singapore dental company is trying to do it, and there are so many companies that are already making or trying to develop test kits, obviously competition will be intense. Very intense. When domestically sourced test kits are available, why would a developed country like the USA want to source foreign-made test kits from small companies? If foreign-made test kits were to be of substandard, whose head(s) is(are) going to be " chopped" ? If a large US company were to make substandard test kits, it can be sued for lots of damages. Initial emergency orders over a couple of months from small foreign companies for test kits would be an expected best case scenario IMHO.
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humbleman
Senior |
25-Apr-2020 09:41
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Yes i mention before in earlier post. I bearish on biolidics. Approval by FDA does not mean sales. A few things going against it 1. China made( this is the reality of current political situation, nothing personal) 2. Serology in contrast to PCR that is the gold standard(many other point of care PCR in the market now and soon) 3. Accuracy still needs time to be verified 4. Huge competition 5. No uptake even in local market is strange Do your own diligence
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wolverine23
Supreme |
25-Apr-2020 09:22
Yells: "Medical Bull 2020 !!!!!!!! = Internet Bull 2000 !!!!!!!!" |
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seems like a hell lot of competition. depends really on how good Bio product is ....any expert views?
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ST3-trading
Senior |
25-Apr-2020 09:18
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https://www.msnbc.com/msnbc/watch/fda-announces-approval-of-first-at-home-coronavirus-test-kit-82544197813
What ur think .? |
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polarinda
Master |
24-Apr-2020 22:58
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Ehat news?
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Justice888
Supreme |
24-Apr-2020 22:49
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Okie. I saw the numbers
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Ryuuenji
Elite |
24-Apr-2020 22:37
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Next week, probably you will witness... Just sharing my Observation.
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actan99
Master |
24-Apr-2020 22:33
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What coming ?
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Justice888
Supreme |
24-Apr-2020 22:21
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Means ?
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Kai189
Veteran |
24-Apr-2020 21:49
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yea,, hope every1 huat from this counter. see many ppl so anxious reminds me of my younger yrs in investing....easily can lose $20k in a trading day
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Stockerman
Member |
24-Apr-2020 21:46
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Not hurting.. juz boh liao ..im also sharing my thoughts..
Why u also kanna butt hurt too.. yucks..
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westpoison
Veteran |
24-Apr-2020 21:45
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Good news coming
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Kai189
Veteran |
24-Apr-2020 21:37
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23/4/2020- i would reckon a lot of retail investors went in from 0.8 onwards. so T+3 ( wednesday) or thursday there could be alot of forced selling if cannot hold the shares. in all honesty ...this is a potential good counter just need to hold for few months when its values get unlocked. Just hold if can. and reinvest in other counters to earn back. |
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shortking
Senior |
24-Apr-2020 21:10
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why hating hes just sharing his thoughts if he is 100% true he wouldnt be here | ||||
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ST3-trading
Senior |
24-Apr-2020 20:30
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Hope can go up to 70c | ||||
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Masterwei
Member |
24-Apr-2020 18:59
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I feel that it will go up but probably to 0.50++ only. Unlikely to hit 0.60++ or higher unless got very good news support. Just my opinion haha😊
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newbieliu
Elite |
24-Apr-2020 18:56
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can infer from AYTU price today to gauge the trend ba.... ALL definitely hope it will go up but Shortists for this counter will hope to beat it down at the right time too lol If there is more deals with other distributors in Europe , then it will be go up to where some of us bought wrongly lol
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