3SOF

One more Pink for the road. 

ON FIRE IN PRE-MARKET

This has been penny stock week.....

A thread already here on this stock.
Why not make comments here.

I called thier 'pr' and someone named 'Ron' returned my phone call.

He said outstanding shares were around 185Million, couldn't tell me float (but said it was around 25% of that).

ALSO, the other shocking thing was, he said he could sell me shares for 1 cent each (company is trying to raise money), but they would be locked up for 1 year?

What to make of that??

Also, he said they had filed with the SEC, but I couldn't find any of the filings?

BIOGENERICS LTD (Other OTC:BIGN.PK) Delayed quote data 

Last Trade: 0.032
Trade Time: 11:16AM ET
Change:  0.008 (33.33%)
Prev Close: 0.024
Open: 0.025
Bid: N/A
Ask: N/A
1y Target Est: N/A

  Day's Range: 0.024 - 0.034
52wk Range: 0.01 - 0.25
Volume: 3,594,138
Avg Vol (3m): 2,761,270
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)

The calmness before storm  

This was posted on IHUB BIGN board along with a few other group boards. I don't have any other info on it.

http://www.investorshub.com/boards/read_msg.asp?message_id=8437291

BIGN Stock Play for Monday, 355 Groups Notified

I just received notice that BIGN was selected as a stock pick and 355 groups were just notified of the play scheduled for Monday. The people who sent the letter do have shares of BIGN and one year ago were compensated for a one month promo of BIGN.

This happened on Nov 9, 05:

10M shares @ 0.0275 = $275,000! Not your average penny gambler. Something big is about to happen IMO. We only traded 1M shares all day with most between 0.026 and 0.027. Then 5M @ 0.0275 goes through right before close and another 5M @ 0.0275 goes through 16 minutes after the close.

we will see next week

  While I like the BIG potential in this stock also after reading PR's/etc.....I'm thinking the group alert deal was from one entity named "355 Club Association" and, as things often go, it has grown to 355 groups being alerted.  That's what it looks like to me at this point.

  Anyway, I'm in...if we get an update soon on their progress, it could really be BIG....but, as always...that's an "if".

  I think this 'alert' post on another board started the whole thing...you'll see what I mean, and how it probably grew into '355' alerts. But one good update would be worth more than 1000 alerts anyway. 

"http://finance.groups.yahoo.com/group/SHAKERZANDMOVERZ/message/19842

actually a safe entry is at 0.036 thats the trigger price for this stock to run...then we will run....so i see if we have big momentum i could enter earlier as i said on the last post...i have already a positon at 0.295 average. But i watch and double my shares maybe...

Resistance at 0.035 after blue sky. When a stock triggers i learned at greatstockpix.com where i was member for 6 months. It s very safe but more with Nasdaq stocks where you can put stop losses. But the theory works also for OTCBB stocks.

Summarize:

1- when stock reaches 0.031 run to 0.035 (0.035 resistence)

2- if we break 0.035 up to the moon = Triggerprice 0.036

on a weekly chart of bign we can see a lot of things that are positive:

1. fast stochastics seems to move up from 50
2. this week we have a candle that looks like a hammer
3. MACD is getting positve

next week we should move over 0.030

Found on the web:

http://themicrocapspeculator.blogspot.com/

Reader request: Biogenerics
Reader Gil asks that I take a look at Biogenerics (BIGN.PK). I normally don't discuss stocks this speculative, but I welcomed reader requests so I want to live up to my side of the bargain. Biogenerics is a development-stage company that intends to use "hydroslotter" technology to revitalize old, shut-in oil and gas wells. The hydroslotter technology is owned by the company's joint venture partner, Hydroslotter Corporation. A description of the technology is available here, if you scroll down to page 3. As I understand the joint venture, Biogenerics is to receive 40% of the cash flow from revitalized wells after the costs of the procedure are recouped.

Here's the rub: there is an enormous disparity between what the company says it will make and the value the market is placing on those prospects. Biogenerics press releases predict wild profits. The company claims it will earn $43.2M in 2006, using what it calls conservative estimates of production and natural gas prices. Once the 120 initially targeted wells are "slotted", the company expects over $87M in annual cash flow.

The market doesn't agree. Biogenerics has 224,326,710 shares outstanding, giving it a market cap of roughly $6.95M at yesterday's closing price of .031. There is no substantial cash or debt on the balance sheet, so the enterprise value is about the same amount.

Who do you believe, a press release or the market? If the company really is going to make over $40M next year, why hasn't the price rocketed or the company been swamped with suitors? There are a lot of smart folks in the oil and gas business (along with plenty of hucksters). They are all passing on this "once-in-a-lifetime" type opportunity, and I am inclined to pass as well. This stock is a lottery ticket. If it pays out it will sure be a nice one, but the odds are not good.

BIGN Party.....
Looking at the chart, is this a Pennant continuation pattern
Do we have any pattern guru's around?
I see even eliteG has said "The calm before the storm !"

Pennant: A pennant is a small symmetrical triangle that begins wide and converges as the pattern matures (like a cone). The slope is usually neutral. Sometimes there will not be specific reaction highs and lows from which to draw the trend lines and the price action should just be contained within the converging trend lines.

great stuff hawkeye.. totally agree that BIGN is consolidating for a massive move.

We may not even need a news release to set it off but it wouldn't hurt.  The potential in this release: http://biz.yahoo.com/pz/051014/87892.html is truly incredible.

I encourage everyone to call BIGN (Ron Sherman 1-866-471-5928) and bug the hell out of him(ask him what his favorite color is and see that he is consistent the next day ).  Ask about everything under the sun.  I found out from him that the private offering has now moved to .02 cents.. I just cant see how they can justify this offering without maintaining the price above at least 2.5 cents(since shares are restricted ~ 1 year).

I asked Ron what he thought the bottleneck was for the 4 wells to become operational in California and he told me that qualified people for hydroslotting was currently the issue.  He told me one well is currently producing and may have a lifespan of over 10 years.  There may be more info on this on the website.

I doubt most everything in the markets so perhaps Ron will say anything to make someone buy into the company he represents.  Investor relations right?  he wants the relations to be good.. but in this case the TA signals an accumulation bottom(inverse H&S,imo) and is currently consolidating after a strong move(and consolidating high up after the strong move = support)

This stock breaks .035 and I would be surprised if we dont touch .05 that very day and .08 the following day.  I see support @ .025-.02 ~30%away.  So as you see I believe the risk reward is manageable and very worth it considering this is a pink penny.  I also think even higher prices are doable.

Yep, I'm big on BIGN.