Hi,The base (buying side is getting stronger) and it is moving...

Hi,
The base (buying side is getting stronger) and it is moving too fast in one day. It needs to cross 19 C (where the latest high recently) and above for a few days to resume uptrend. the next target is 25 c (where the recent placement took place)

Important notes:

[1] They are developing 3 main products (Probotics, diagnostics and vacines), see the latest chairmain address (WWW.vribiomedical.com) in 28/11/2003. Any one improvement/further development (eg in PrOtract or progastrim) or joint venture may trigger a good news.
[2] half yearly is coming soon but from the past 2 quaterly reports and ASX enquries regarding cash out flow) may give you a clue.
[3] Instos and professional investors that took the place at 25c and right issues (at 25c) may have stirred up/complained to the company and directors after loss of investment. BBY has done the placement and the same broker did the placement on PSD (at 50c). What happen to PSD now? No guarantee of repeat performance. A bullish old report by BBY (July2003) is also on the company web site and conservative value of 44c (remember it was old data/news).
[4] AHt (Australian Heritage Group) share holders were given VRI share in lieu of divident. They may be still sellers.
[5] Some former directors (see ASX report 24/9/03) and large investors (21/1/04 ASX report) have been selling the shares.

Some infos your diary.

Do your own study and consult your adviser before buying and selling.
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