Friday, December 16, 2005

Lost Opportunity in Biosensors

Was looking at Biosensors the other day when news broke that it was facing a patent lawsuit. A big intraday drop of $0.120 despite it having shown good prospects before the market reacted to the news. I had wanted to buy in believing that the stock was oversold and fundamentals still good but held back as I wanted to have cash on hand to pay for the purchase in case I had to realise the buy after the contra period. Prudent, but less reactive to grasping opportunities in the stock market.

Now Biosensors has rebounded, I have lost the opportunity to make $70 per lot as at the present moment. No matter, markets will forever have new opportunities. No point taking unnecessary financial risks just for that little returns.

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