Thursday, July 17, 2008

there are opportunities everywhere

My last blog post said to take time off and hibernate. But there are opportunities everywhere.
I was browsing an old 2003 mag and noticed MBP Metabolic Pharm - I investigated and yesterday decided that because their spread (that is the difference between the highest price and the lowest price over past 52 weeks was 16c-3 cents) was good because it was currently at or near the lowest price for the year and the company had other pluses - like 17 mill cash in bank and no debt...I bought a small parcel at .04 cents. hoping to sell half at a 50% profit before 6 mths. Anyway, that was yesterday 17th and today they have a big announcement and are rising already...
They have bought a company from CSIRO which makes a biodegradeable polymer for medical use and it will be finalised in three months time.... how about that?
go to code MBP, read the announcement and make up your own mind!

Remember we are not financial advisors.
Sampson management Services (SMS) educate and inform only.

We are Assett Management Consultants-
We teach you about risk and how to measure that risk, according to the international standards
on Quality, Environment, OHS, and Risk management in an integrated approach.
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