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BIO PHARMA company do research on MEDICAL DISEASES
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Cadence88
Veteran |
01-Jul-2020 21:01
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Yes , u r right. I just checked the FDA website that I previously shared here.
Biolidics has been removed ("Removed - Should Not Be Distributed"). That's why the press release on the ending of distribution agreement.
https://www.fda.gov/medical-devices/emergency-situations-medical-devices/faqs-testing-sars-cov-2#offeringtests
Search for Biolidics under "What Tests Should No Longer Be Distributed for COVID-19?".
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ST3-trading
Senior |
01-Jul-2020 19:31
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i think from now onwards jeremy yee is tagged with the name scammer . the whole industry will know . | ||||
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SQueeze
Master |
01-Jul-2020 19:02
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The market has no feelings. Nothing can change its present trajectory. Need to just quickly re-strategize and re-focus and assess if the counter has promise or totally a goner. For this one, I think it will take quite some time to re-establish a new good news to be back to the 0.40 level.  Better to pull out quickly and make other counters work harder to recoup. I was not fast enough to cut in the first day itself despite it has far exceeded my 10% usual limit to either cut loss or average down for good brand names for long term keeping. So suffer more lah. Next time better be faster and not think so much. It goes down, it can go down some more especially if the companies don t have good fundamentals and the play is on news and FOMO.  I don' t know how others play, but I also only put no more than 3-4% out of entire portfolio to play in each penny counter. In this perspective, I think it helps me to move on faster. 
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WL123456
Supreme |
01-Jul-2020 18:08
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A lot of investors need to have your mindset. Often they ask how come their losses always outpaced their gains. One of the most important detail in investment is the ability to recognise your wrong judgement, take the pain and move on. Being able to cut fast is the key. Even if you cut and the price move against you, don?t look back for likely the price will fall back more. Move on to another counter with price action. When the situation and done and dead, it?s always wise to make back from other counters.
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stanleytay
Master |
01-Jul-2020 18:03
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Medtec, UG and Riverstone also dropped alot during early days b4. Test kit stocks rocket so fast previously then crashed spectatcularly ... it has been consolidating for some time. Will move back up again.
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Sgvale
Supreme |
01-Jul-2020 15:46
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I remember Medtec only 7c . Now 0.41. 6 times Huat !
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SQueeze
Master |
01-Jul-2020 15:19
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Cannot compare Medtecs and Bio....    Bio collapsed because of the bad news. On the other hand, Medtecs rose on good coverage by CIMB and then yes it garnered a lot of momentum recently.  One has bad news, the other good news, so of course they go on different trajectory.  They are not the same hot pots.  I am burnt in Bio also but what to do, at the point of buying, how would I know there would be bad news coming.  So now move on. There are other counters like Medtecs and glovemakers who should still be making healthy profits in the foreseeable future some more with worse and worse pandemic situation. Still under all analyst' s TP also for all the glovemakers, so no reason why it is " too high" now. Medtecs has no TP yet officially but there was good coverage of it recently. It' s still a chance, but a calculated one.  Risk reward ratio is a lot less attractive now but I think it still can afford 1 or 2 more legs of bull run (10% each). 15-20% upwards from now is not impossible.   
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wolverine23
Supreme |
01-Jul-2020 15:11
Yells: "Medical Bull 2020 !!!!!!!! = Internet Bull 2000 !!!!!!!!" |
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Bio is a buy now. If you had profited from other medical bulls, no harm parking some profits here.  BTW, Medtecs run has not even begin.
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Shifu8888
Supreme |
01-Jul-2020 14:19
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Nice | ||||
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Lucas4
Veteran |
01-Jul-2020 14:18
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buy small small | ||||
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albeniz
Veteran |
01-Jul-2020 13:43
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Start campiing at other med stocks like Trendlines instead? | ||||
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Shifu8888
Supreme |
01-Jul-2020 13:41
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Story not ended yet. Bio licking good. Tikam some at 29. Will see. | ||||
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superstartup
Supreme |
01-Jul-2020 13:31
Yells: "Enjoy doing Fundamental Research" |
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Just sharing. Recently US FDA had revoked a number of covid test kits earlier approved under urgent authorisation then. . . I think FDA is now tightening up the authorisation after so many players coming into the market. . . A number of US listed counters dropped a lot as a result. . . | ||||
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ST3-trading
Senior |
01-Jul-2020 13:25
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ya . he already shaking leg counting his money already.
our money
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newbieliu
Elite |
01-Jul-2020 13:23
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lesson learnt again- we are more like the bad lucker lol stupidly chased after it and get stucked sigh
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ST3-trading
Senior |
01-Jul-2020 13:19
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Jeremy yee really crap . best bad lucker . 1 news bring down biolidics , clearbridge and aytu | ||||
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FireTeam
Member |
01-Jul-2020 13:15
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我 的 老 师 建 议 我 只 买 0.24, 你 们 有 什 么 建 议 给 我 ?   |
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SQueeze
Master |
01-Jul-2020 12:51
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How so?  The medtecs rise is not astronomical like this counter' s rocketing to 0.80.  It' s relatively gradual, less than 10% per day and it has pullbacks.  It will still run a little bit more, but yes, it' s already more than half way to the peak.  The company also has a parallel Taiwan listing where the equivalent price is still higher. It' s just catching up with the big brother. 
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stanleytay
Master |
01-Jul-2020 12:40
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Buy Medtec now is equivalent to buying biolidics at 0.8 range. Forumers really easily manipulated by big boys.
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Sgvale
Supreme |
01-Jul-2020 12:35
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Switch Medtec . When reach 0.60. Bio still below 0.30 | ||||
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