Tag Archive for ‘ZOOM’

Zoom Technologies (Nasdaq: ZOOM) Technical Update!

Howdy mi roacheros!

Here’s a quick technical update on Zoom technologies (Nasdaq: ZOOM) my long hold call from back in April. After yesterday’s great news of Zoom securing 2 significant orders from India’s largest phone carriers, zoom took off running to hit a 25% gainer earlier in the day. Unfortunately many of those that took positions below $1.10 took advantage of the gap up and took profits while it appears that shorts took advantage of Zoom’s illiquidity and aggressively shorted it down.

It’s a major bull vs. bear fight at Zoom but even with yesterday’s games the stock still managed to close 5.8 % in the green along with very heavy volume of just over 1.25 million shares traded. That is 10x the normal daily volume for Zoom and I’m sure it has set off some radars and screeners yesterday.

Zoom technologies is also valued at $17.64 in revenues per share, so we are looking at a grossly undervalued stock. You can check out Zoom’s key statistics by clicking here: http://finance.yahoo.com/q/ks?s=ZOOM+Key+Statistics.

***I’d like to add due to a lot of misconceptions about Zoom that it is not an OTC or a Stinky Pinky!***

It is a legitimate China growth company that is the #1 smartphone and accessory manufacturer in China. As a matter of fact some are calling Zoom the “Samgsung” of China. Would a major hedge fund put money into a stinky pinky? Socius Capital Group  has a 9.9% stake in Zoom according to insidermonkey at an avg price per share of $1.90. http://www.insidermonkey.com/blog/tag/socius-capital-group/

I will get to the techs right after this brief message:

SIGN UP TODAY and start proudly calling yourself a Stockroach! Does everyone here remember the StockRoach motto? We do all the work, and YOU rake in the PROFITS! Click “Right Here” and then don’t forget you have to confirm the “activation” link in your email or you will just be wasting your time waiting for the next winner while the rest of us cash in.  Once you confirm your FREE subscription you can also download your very own FREE copy of our e-Book, “A bottom feeder’s guide to surviving penny stocks.”

Don’t forget to join the thousands of other roaches on Twitter for intraday plays, and for heads up tweets when things get  HOT at the StockRoach!

The StockRoach Twitter feed: http://twitter.com/#!/TheStockRoach

Papa Roach has been sending out alerts via e-mail before they hit the main page so if you are not signed up for our newsletter, the roaches that are signed up have an advantage!

Support for Zoom comes in at $1.05 with lower level support at $1. Resistances lies ahead at the 50 DMA of $1.19 and $1.30. After $1.30 the next level of resistance comes in at the 200 DMA of $1.42.

THE MACD is rising nicely and it looks like it can pinch and then start diverging, the volume as I have stated earlier was 10x the average trading volume and the RSI is starting to show some strength along with rising accumulation on the daily charts.

Zoom chart: http://stockcharts.com/h-sc/ui?s=ZOOM&p=D&b=5&g=0&id=p15671579262

There’s your roachy technical update for Zoom technologies, and I’ll see you in the greens my amigos and amigas.

Senorita OWT!

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Zoom Technologies (Nasdaq: ZOOM) Secures Significant Orders From Micromax & Maxtron

Zoom Technologies, Inc. (Nasdaq:ZOOM) a leading China-based manufacturer
of mobile phones and other mobile electronic products, today announced
that the company has received significant orders from Micromax of India
and Maxtron of Indonesia for original design and manufacturing (ODM) of
mobile phones.

ZOOM has secured an order from Micromax, the
number one domestic mobile phone brand in India, for 450,000 units in
total of two models of GSM feature phones. Approximately half of the
order will be delivered in the month of June 2012 and the other half
within this summer. These two Micormax models are based on the
Spreadtrum 6620 chipset. ZOOM is looking forward to producing up to
500,000 units per month for this prime customer from India.

Almost concurrently, an order is placed by Maxtron, the second largest
domestic mobile brand of Indonesia. This purchase order calls for
100,000 units of 2.5G GSM feature phones, also divided into two models,
based on the more advanced Spreadtrum 6800 chipset. 50,000 units have
already been delivered as of the date of this press release, and the
second batch is scheduled for delivery in June. If this initial order
goes smoothly, ZOOM is expecting Maxtron’s order to increase to 100,000
units per month.

Mr. Lei Gu, Chairman & CEO of ZOOM,
remarked: “We are thrilled to win such large orders from the top level
mobile brands of these countries. This is indeed a testimony of our
design and manufacturing capabilities, and a recognition that ZOOM is
among the best mobile handset ODM anchors of China.”

About Zoom Technologies, Inc.

Zoom Technologies is a holding Company with subsidiaries that engage in
the manufacturing, research and development, and sale of electronic and
telecommunication products for the latest generation mobile phones,
wireless communication circuitry and related software products. Zoom
Technologies’ subsidiary, Jiangsu Leimone, owns a majority stake of TCB
Digital, which offers highly customized and high quality electronic
manufacturing service for original equipment manufacturer customers as
well as manufacturing its own brand of products under the ZOOM, LEIMONE
and LONGTEL brand names. The Company’s products are both exported
globally and sold domestically in People’s Republic of China.

The Zoom Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9665

Forward-Looking Statements

Certain statements in this press release may constitute “forward
looking statements” that involve risks and uncertainties. These include
statements about our expectations, plans, objectives, assumptions or
future events in which the outcome cannot be assured. You should not
place undue reliance on these forward-looking statements. Information
concerning factors that could cause our actual results to differ
materially from these forward-looking statements can be found in our
periodic reports filed with the Securities and Exchange Commission. We
undertake no obligation to publicly release revisions to these
forward-looking statements to reflect future events or circumstances or
reflect the occurrence of unanticipated events.

CONTACT: Lynn Wei
Investor Relations Coordinator
Zoom Technologies, Inc.
+86-10-5935-9576
weilin@zoom.com
www.zoom.com

http://ih.advfn.com/p.php?pid=nmona&article=52661396&symbol=ZOOM

Zoom Technologies (Nasdaq: ZOOM) Reports Record Busting 1st Quarter!

First Quarter 2012 Highlights:

Revenue increased 55.1% over same quarter last year to $90.9 million from $58.6 million
Net income was $0.6 million compared to net income in same quarter
last year of $1.8 million and net loss of -$2.0 million from the fourth
quarter of 2011.Net income in Q1 2012 was lower compared to the same quarter last year
because we took on highly competitive EMS orders so that we can retain
the customers for better margin businesses in the future.
In Q1 2012 we sold 1,750,000 whole phones with 375,000 units being
Leimone brand phones; 278,000 of the Leimone phones were 3G handsets. In
Q1 of 2011 we sold 810,000 whole phones with 190,000 units being
Leimone brand phones; 30,000 units of the Leimone phones were 3G
handsets.Sales of our own brand products in Q1 2012 represented $28.1 million
or 31.0% of revenues compared to $13.4 million or 22.9% of revenues a
year ago.
Portables Unlimited, our distribution business
in the U.S., contributed $16.1 million, or 17.7% of our revenues; $6.8
million were attributable to sale of phones and accessories, and $9.3
million were generated from activation and reoccurring carrier service
fees.

Zoom Technologies, Inc. (Nasdaq:ZOOM) a leading China-based
manufacturer of mobile phones and other mobile electronic products,
today reported financial results for the first quarter ended March 31, 2012.

For the first quarter of 2012, Zoom generated net revenue of $90.9
million, up 55.1% over $58.6 million for the first quarter 2011; this
seasonally slow quarter was down $48.1 million, or 34.6% from $139.0
million in the fourth quarter of 2011.  The jump in revenues in Q1 of
2012 as compared to the same period in 2011 was mainly due to increased
sales of whole handsets with particular emphasis on our own brand
Leimone products and the addition of Portables Unlimited that Zoom
partially acquired in October 2011. Sale of Leimone phones contributed
$28.1 million, or 31.0% of our Q1 2012 revenues. We also derived $16.1
million or 17.7% of our revenues from our New York based subsidiary,
Portables Unlimited LLC, which is a wholesale distributor of T-Mobile
USA products and services.

Mr. Lei Gu, Chairman & CEO of ZOOM, provided the following insight.
“The continued growth in the sales of our Leimone brand phones in 2012
is a testament to the strength in our vertically integrated business
model that includes design, manufacturing, and distribution.  We will
continue to put our efforts in developing both the Leimone and ZOOM
brands by designing high quality reliable products coupled with
extensive post-sales support to both our customers and the ultimate end
users of our products. Our ability to provide integrated solutions to
our customers has and will enable us to gain market share and secure
contracts with tier one global customers such as mobile phone carriers or the largest distributors in countries across the developed and developing world.”

For the first quarter of 2012, Zoom reported a net income of $0.6
million compared to net loss of $2.0 million in the fourth quarter of
2011. The fourth quarter of 2011 showed a tight credit environment that
weighed on the profitability of the manufacturing business and the
Company had one-time acquisition expenses; however, the Company has
returned to profitability again in the first quarter of 2012, and
expects a steady upward trend for the rest of 2012. The Company is
currently carrying out two internal initiatives: 1) rationalize all of
its costs, and 2) continue to integrate the different businesses to
maximize profitability and eliminate inefficiencies.

Gross profit for the first quarter of 2012 of $6.2 million was
relatively flat compared to $6.3 million in the first quarter of
2011. Gross profit as percentage of revenue for the first quarter of
2012 was 6.8% as compared to 10.8% for the same quarter a year ago. Net
margin was reduced to 0.7% in the first quarter of 2012 from 3.0% in the
same quarter last year. As mentioned previously the reduction in margin
is mainly attributable to the highly competitive EMS orders we took on
in order to retain the customers for better margin businesses in the
future.
Looking ahead, Mr. Gu remarked, “As seen in our first quarter
performance of 2012, we have begun executing on the shift in our
business from the traditional assembly-focused manufacturing for our OEM
customers to delivering whole phone solutions on ODM (original design
and manufacturing) basis for more prominent customers in Asia and the
continued development of our own ZOOM and Leimone brand products. We
have returned to profitability in the first quarter of 2012 and will
continue to manage our costs to bring healthy profits to our bottom
line.”

Conference Call Details

The Company will host an investor call at 4:30 p.m. EDT (1:30 p.m. PDT)
on Monday, May 21, 2012. To access the conference call dial
+1-855-500-8701 and then enter access code (conference ID) 81702527.
Callers outside the U.S. and Canada should dial +65-6723-9385 and then
enter access code 81702527.

A replay of the conference call will be available for 3 days, through
May 25, 2012. To access the replay, please dial +1-866-214-5335 and
enter access code 81702527. Callers outside the U.S. and Canada should
dial +61-2-8235-5000 and enter access code 81702527.

About Zoom Technologies, Inc.

Zoom Technologies
is a holding Company with subsidiaries that engage in the
manufacturing, research and development, and sale of electronic and
telecommunication products for the latest generation mobile phones,
wireless communication circuitry and related software products. Zoom
Technologies’ subsidiary, Jiangsu Leimone, owns a majority stake of TCB
Digital, which offers highly customized and high quality Electronic
Manufacturing Service (EMS) for Original Equipment Manufacturer (OEM)
customers as well as its Own Brand Manufacturing (OBM) under the ZOOM,
LEIMONE and LONGTEL brand names. The Company’s products are both
exported globally and sold domestically in People’s Republic of China.

The Zoom Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9665

Forward-Looking Statements

Certain statements in this press release may constitute “forward
looking statements” that involve risks and uncertainties. These include
statements about our expectations, plans, objectives, assumptions or
future events in which the outcome cannot be assured. You should not
place undue reliance on these forward-looking statements. Information
concerning factors that could cause our actual results to differ
materially from these forward-looking statements can be found in our
periodic reports filed with the Securities and Exchange Commission. We
undertake no obligation to publicly release revisions to these
forward-looking statements to reflect future events or circumstances or
reflect the occurrence of unanticipated events.

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Gather ‘Round Boys And Girls, It’s Roachy Roundup Time! FB, ATRN, GWBU, ZOOM.

Good afternoon mi amors!

All my darling roaches had 2 chances to win today with Papa Roach’s pick GWBU which brought in a nice .10 cent per share win to the table. If you followed his instructions to the T, you’re sitting on some very nice weekend fun money! GWBU was a no brainer and also an easy play that set 3 new 52 week highs during intraday trading today. Remember that Papa said it was a scalp play only, I don’t think he even took GWBU to dinner before doing the deed with it.

Congrats on the scalp trade Papa and to all of those that played GWBU!

ATRN which was your Senorita’s catch of the day that is piggybacking off of Facebook’s IPO, a pulled in gains upwards of 16% before lunchtime!

Isn’t it funny how the stinky pinkshit brought in higher gains than Facebook itself? This my darlings is why we love the penny stocks. You don’t see gains like this on the blues everyday but we see them all the time on the penny stocks. Sometimes even multiple plays going double and triple digits in a matter of hours. Not days, or weeks, or months… but HOURS.

*ATRN is still on my watchlist, so keep your eyes peeled as well.*

Speaking of the Facebook IPO, so far it’s a bit of a fizzler instead of the sizzler many had anticipated. The reason for the less than stellar movement in price in my humble roachy opinion was because the big wigs were selling their shares of Facebook (Nasdaq: FB) right into retail investor’s and trader’s hands. I’m looking at you Goldman Sachs (NYSE: GS), I see what you did there.

Goldman Sachs rakes in $1.09 BILLION by selling 50% of their shares of Facebook: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/05/17/bloomberg_articlesM44RJY1A74E901-M46RT.DTL

Papa Roach and myself will be back next week for more pumps, dumps, and chumps. So stay hungry, stay focused and tune in to the same roach channel because you never know what tasty morsel we’ll pull out of our roachy butts….wait that didn’t sound right haha.

***ROACHY REMINDER***

Zoom Technologies (Nasdaq: ZOOM) is said to be releasing their highly anticipated financials along with a shareholders conference call on MONDAY MONDAY MONDAY the 21st of May.

This was a longer hold call I made last month, but I like giving my Stockroaches an extra early heads up sometimes. I consider it getting early seating for the fireworks show.

ZOOM blog: http://www.stockroach.com/keep-your-eyes-on-zoom-technologies-nasdaq-zoom/

If you are not registered for the newsletter, you are missing out soooooooooo:

SIGN UP TODAY and start proudly calling yourself a Stockroach! Does everyone here remember the StockRoach motto? We do all the work, and YOU rake in the PROFITS! Click “Right Here” and then don’t forget you have to confirm the “activation” link in your email or you will just be wasting your time waiting for the next winner while the rest of us cash in.  Once you confirm your FREE subscription you can also download your very own FREE copy of our e-Book, “A bottom feeder’s guide to surviving penny stocks.”

Don’t forget to join the thousands of other roaches on Twitter for intraday plays, and for heads up tweets when things get  HOT at the StockRoach!

The StockRoach Twitter feed: http://twitter.com/#!/TheStockRoach

Papa Roach has been sending out alerts via e-mail before they hit the main page so if you are not signed up for our newsletter, the roaches that are signed up have an advantage!

Have a great weekend all!

Senorita OWT!

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Keep Your Eyes On ZOOM Technologies (Nasdaq: ZOOM).

Happy Tuesday mi amors!

Today your Senorita is looking at a Nasquack stock, yes my roaches…. the big boards. I like to crawl out from the penny stock sewer from time to time to see what’s happening on the blues and ZOOM Technologies, Inc. (Nasdaq: ZOOM) sure is looking roachy to me.

*This could be a longer term play in my humble opinion, but if you don’t mind parking your money for awhile, it could potentially pay off bigly!*

First off the stock is extremely undervalued according to many analysts, and heck even the interim financial report clearly shows that ZOOM should be trading at a much higher PPS. http://finance.yahoo.com/q/ks?s=ZOOM+Key+Statistics.

We always like to talk about hot sectors and Zoom is a part of one of the HOTTEST multi BILLION dollar global sectors which is the manufacturing and sales of smartphones. That’s right mi amors, China has launched their own line of smartphones and they also have managed to get a global royalty bearing patent license with Qualcomm for their subscriber model 3G phones last spring which shot their stock price up over $4 per share.

What has Zoom been up to since then? Here’s some highlights for Zoom in 2011:

June 8th 2011: ZOOM regains Nasdaq compliance

August 11th 2011: Zoom launches branded products to India

August 15th 2011: Zoom launches new rugged waterproof Android phones

October 26th 2011: Zoom acquires Portables Unlimited, a whole distributor for T-Mobile

November 16th 2011: Zoom’s subsidiary Leimone brand wins qualification for China’s mobile product lineup

So as you can see Zoom has been busy as their line of smartphones gets ready to go up against the big boys such as Samsung, HTC, LG, Sony, etc…

Some people have been calling Zoom the Apple (Nasdaq: AAPL) of China and in the smartphone industry for the Chinese market, Zoom is a pioneer. Zoom is set to release their HIGHLY anticipated financial report which is rumored to outdo 2011, so let’s keep our eyes and ears open for that one.

For all things ZOOM check out their website: http://www.zoom.com/

The ZOOM Wikipedia: http://en.wikipedia.org/wiki/Zoom_Telephonics

I’ll get to ZOOM’s techs right after this reminder:

SIGN UP TODAY and start proudly calling yourself a Stockroach! Does everyone here remember the StockRoach motto? We do all the work, and YOU rake in the PROFITS! Click “Right Here” and then don’t forget you have to confirm the “activation” link in your email or you will just be wasting your time waiting for the next winner while the rest of us cash in.  Once you confirm your FREE subscription you can also download your very own FREE copy of our e-Book, “A bottom feeder’s guide to surviving penny stocks.”

Don’t forget to join the thousands of other roaches on Twitter for intraday plays, and for heads up tweets when things get  HOT at the StockRoach!

The StockRoach Twitter feed: http://twitter.com/#!/TheStockRoach

Papa Roach has been sending out alerts via e-mail before they hit the main page so if you are not signed up for our newsletter, the roaches that are signed up have an advantage!

Let’s pull up ZOOM’s chart: http://stockcharts.com/h-sc/ui?s=ZOOM&p=D&b=5&g=0&id=p86379892871

As you can see the MACD is diverging, the RSI is heading into the trader “power zone”, the accumulation is starting to perk up nicely and we have a very nice bullish engulfing on the daily. With the annotation you can see that ZOOM managed to smash 2 resistance levels during the last 2 trading sessions which are now acting as supports.

Support for ZOOM comes in at $1.15 with lower level support coming in at $1.00. The resistances lies ahead at $1.25 and the 200 DMA of $1.60

So that’s your stock to watch for the next few weeks, and I’ll be back tomorrow morning with another stock to watch that just might rake in the big ones, so stay tuned and stay hungry mi amigos.

Senorita “Zoom going BOOM?” Roachita

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Happy Humpday! Exit Only (Pink: EXTO) Is The Rally Over? Zoom technologies (ZOOM) technical update!

Happy humpday mi amors!

As the oil sector rallied yesterday on worries over Iran and Greece, Exit only (Pink: EXTO) aka Bayport Corporation a well known stinky pinky holdings group with a strong focus on crude also benefited as the stock went on a tear from .006 to .009 before settling back down to close right at a former resistance and now tentative support level of .0075.

We covered EXTO back in Dec. at an all you could eat buffet of shares at an avg. price of .0055, so that’s a gain upwards of 80% in 2 months! So if you are one of the patient roaches that sat on a few shares of EXTO (and I know there’s quite a few of you lurking around) it’s almost like found money! Cha-ching!

EXTO coverage from Dec. http://www.stockroach.com/senoritas-humpday-special-is-exit-only-inc-pink-exto/

Does your Senorita think that the rally at EXTO can continue? Well, the charts say, “Yes it can.” and with buys outnumbering sells by almost 5:1 during yesterday’s trading, the chart is getting mucho caliente. There’s the beautiful MACD divergence starting, the RSI is in the trader “buy zone” of the 50s, the wick on the candle is a bit longer than I would prefer, but with EXTO a wick that long just shows me that those that have been holding for a few months might have just taken some off the table.  Take a look at EXTO’s beautiful chart. http://stockcharts.com/h-sc/ui?s=EXTO&p=D&b=5&g=0&id=p01518581551

Support for EXTO comes in at .0075, with a lower level support of .006, and resistances lies ahead at .009, and .01.

Zoom technologies, inc. (Nasdaq: ZOOM) might be ready to go zoom, zoom, zoom and I will get to the techs after this REMINDER:

SIGN UP TODAY and start proudly calling yourself a Stockroach! Does everyone here remember the StockRoach motto? We do all the work, and YOU rake in the PROFITS! Click “Right Here” and then don’t forget you have to confirm the “activation” link in your email or you will just be wasting your time waiting for the next winner while the rest of us cash in.  Once you confirm your FREE subscription you can also download your very own FREE copy of our e-Book, “A bottom feeder’s guide to surviving penny stocks.”

Don’t forget to join the thousands of other roaches on Twitter for intraday plays, and for heads up tweets when things get  HOT at the StockRoach!

The StockRoach Twitter feed: http://twitter.com/#!/TheStockRoach

Zoom technologies, inc (Nasdaq: ZOOM) was my alert on Friday where there were plenty of shares at $1.30 – $1.32 and let me tell you my darlings that this puppy trades thin. 210K in volume ticks this sucker up a few pennies so I would like to see what it can do with some real volume. It appears that ZOOM will be tackling that $1.40 resistance sometime today. The techs from Friday are still in place.

Support for ZOOM comes in at $1.30 with a lower support level of $1.20, resistances lies ahead at $1.40, $1.50, and then it looks like it’s bluesky territory after $1.70.

For those that missed the ZOOM blog: http://www.stockroach.com/senorita-takes-a-look-at-zoom-technologies-inc-nasdaq-zoom-tech-updates-for-bpax-and-cbrx/

There’s a beautiful pincher on the MACD, and the buying volume is starting to get a bit heavier as well which is reflected in the RSI.

ZOOM chart: http://stockcharts.com/h-sc/ui?s=ZOOM&p=D&b=5&g=0&id=p71867454122

I’m really table pounding ZOOM guys and gals, and you know what happens when Senorita keeps pounding the table…..that’s right, the saavy roaches tend to rake it in while everyone ends up chasing  at a higher PPS or misses out completely haha.

Senorita “Rockin’ Wall St.” Roachita

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Senorita Takes A Look at Zoom Technologies, Inc. (Nasdaq: ZOOM). Tech Updates For BPAX And CBRX!

TGIF mi amors!

Today your Senorita is taking a look at a stock that is in such a sizzling hot sector that I give a 5 jalapeno salute to this spicy enchilada! I am talking about Zoom technologies, inc. (Nasdaq: ZOOM) a company that has subsidiaries which manufacture and distribute the latest in mobile hardware technology, and is also a major distributor for T-Mobile USA.

With offices worlwide, this aint no stinky pinky that’s for sure. With revenue projections upwards of $400 million this year, which would be a $100 million INCREASE over last year’s $300 million, this is one you want to put onto your watchlists immediately! This puppy trades like a low floater, and it has shown quite a few times in the past to move over $100% in a matter of days with a little bit of volume and interest.

For all things ZOOM check out their very informative website! http://www.zoom.com/

Support for ZOOM comes in at $1.30 with a lower support level of $1.20, resistances lies ahead at $1.40, $1.50, and then it looks like it’s bluesky territory after $1.70.

Zoom has had quite a bit of accumulation in the $1.20-$1.30 ranges, and it looks like it wants to bounce right off of the RSI 50.

I’ll get to the BPAX and CBRX techs right after this REMINDER:

SIGN UP TODAY and start proudly calling yourself a Stockroach! Does everyone here remember the StockRoach motto? We do all the work, and YOU rake in the PROFITS! Click “Right Here” and then don’t forget you have to confirm the “activation” link in your email or you will just be wasting your time waiting for the next winner while the rest of us cash in.  Once you confirm your FREE subscription you can also download your very own FREE copy of our e-Book, “A bottom feeder’s guide to surviving penny stocks.”

Don’t forget to follow us on Twitter for intraday plays, and for a heads up tweet when things get HOT at the StockRoach!

The StockRoach Twitter feed: http://twitter.com/#!/TheStockRoach

Let’s take a quick look at BioSante Pharmaceuticals (Nasdaq: BPAX) first and then I’ll get to CBRX. There’s been a lot of wondering about BPAX’s price and why it just can’t seem to stay over $1. Well with a rumored short count of 20 million or so, the bears are fighting back hard since they have more to lose. They are releasing their op-eds chock full of negativity and with bio-tech stocks being very news or should I say anal-yst sensitive it’s really no wonder that the price isn’t holding. My opinion is that the bears had a feeling that many would take profits upon the FDA giving the nod to Bio-T Gel and took advantage of the weakness in the share price as profit takers cashed out.

SAAVY ROACHES HAVE LOCKED IN BPAX GAINS UPWARDS OF 166% FROM MY ORIGINAL ALERT AT .45 SO FAR!

There has however been a strong accumulation of shares in the low to mid .80s, and it appears that the bulls will try and protect that .80 support region rather fiercly.

Support for BPAX comes in at .80, with a lower level support of .70. There was also a gap down in price, so their is a gap to be filled on the way up from .88 to $1.00.

Let’s finish this blog off with Columbia Laboratories (Nasdaq: CBRX) and just do a basic tech update on this FDA play with an NDA date from the FDA of Feb. 26th for their progesterone topical ointment Procheive, a joint venture with Watson Pharma (NYSE: WPI). So far CBRX IS UP 22% since MY ALERT AT .75!

Support for CBRX comes in at .80 with a lower level support at .75. Resistances lies ahead at .95, $1.00, and $1.10!

Check out my Valentine’s day blog for CBRX for more info on this fascinating bio-tech co.!

http://www.stockroach.com/its-fda-madness-biosante-pharmaceuticals-nasdaqbpax-and-columbia-laboratories-nasdaq-cbrx/

Senorita “It’s a Nasquack kinda day!” Roachita

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