BLG - Bluglass Limited

[3 veiws of a secret]

I think a few of you should keep an eye on this minnow. First day listing up 9.5 cents, not bad support also. G'luck imp:

 

[pussycat2005]

BLG - Bluglass

New Float alert.....

up 50%

float price 20 cents

currently trading at 30 cents


Shedding some light on the biggest thing since silicon

"It came from nothing, it was a material that was never going to do anything for us," says chief scientist of Macquarie University's newest spinoff company BluGlass Pty Ltd, Dr Scott Butcher. "And then, about 12 years ago, a group in Japan used it to make a blue light-emitting diode (LED). Ever since then there's been a big explosion in devices made from this material, using blue LEDs, green, ultraviolet and violet ones."

Gallium nitride and its uses
A compound of gallium and nitrogen, gallium nitride's most interesting characteristic is that it emits intense light. As a semiconductor, it's therefore tipped to be the biggest thing since silicon. Devices using gallium nitride that emit visible light when an electrical current pass through them – known as light-emitting diodes - are already used in everything from football stadium scoreboards, digital clocks and traffic lights. Gallium nitride is also used in the newest generation of high-density DVD players, mobile phones and military radar systems.

The most obvious use of gallium nitride, however, will be in room lighting where it will produce LED 'light bulbs' that use a lower voltage, are more efficient, and last 100 times longer than conventional bulbs.

"It's forecasted by the US Department of Energy that over the next 20 years solid state lighting is going to make a big impact on room lighting, lowering electrical costs quite significantly and lowering the greenhouse outputs as well," Butcher says.

A competitive edge
The only thing slowing the lighting revolution is the current high cost of producing gallium nitride. It is not a naturally occurring material, rather it is grown at temperatures of around 1000 degrees Celsius using a process called metal organic chemical vapour deposition. This greatly increases production costs as all the materials used, including the synthetic sapphire the gallium nitride is grown on, must be able to withstand extreme heat. This is where Butcher and BluGlass come in.

BluGlass Pty Ltd was set up by the University to commercialise a cheaper way of producing gallium nitride .

"We've been trying to grow it at much lower temperatures using different techniques, down around the 650 degrees Celsius region," says Butcher, who doubles as an Australian Research Council Research Fellow in Macquarie's Department of Physics. "At that temperature you can start growing it on materials that are a lot cheaper, like glass and silicon."

Savings in production will naturally flow on to the consumer, which is why all the major electrical goods manufacturers are currently investing in gallium nitride research.

"You can buy next generation high-density DVD players at the moment which cost just under US$2000," Butcher says. "Most of that cost is because of the high price of the gallium nitride-based laser diode, which costs about US$1000 off the shelf."

Blueglass Pty Ltd is currently being commercialised through Macquarie University's commercial arm, Macquarie Research Ltd. For more information, contact MRL Project Manager Technology, Commercialisation, Warren Bailey at Warren.Bailey@mq.edu.

 

[saltyjones]

that's for the info pussycat. ever since i read your post i've been following BLG. until yesterday anyway. when i noticed the push upward i jumped onboard at 40 cents. didn't want to miss the trade by being an observer anymore. BLG goes with my other high tech stock QHL. they are similar in their own unique ways.

 

[Wysiwyg]

BLG Blueglass Limited

This company caught my attention with their connection to French company Saint Gobain and the recent share price rise.Saint Gobain were established in 1665 and presently handle 40bn euros in sales.

Blueglass are focussed on Gallium Nitride devices.

I wonder if in the years ahead I will look back at this post. :22_yikes:

Edit...I couldn`t find the thread and thought I opened it .. duhhh.. opcorn:

 

[moses]

Just in case you're not reading the Neilson Smart Money Analyser thread, there are 6 rather bullish signals for BLG...

a) smart money buying pressure has been positive for several days.

b) sellers are disappearing

c) the smart selling pressure is right at highest price

d) volume is up

e) price was up 9% on Monday

f) SP is testing old highs, ie, about to break out

 

[moses]

...and a lovely 16% rise in SP today.

Now look at tonights depth queue and make up your own mind...

 

[namkey]

Also coincided nicely with the Federal Government announcing a phasing out of incandescent light bulbs by 2010.

 

[silence]

What usually happens when the sellers aren't there?

1 seller at a time offering higher and higher prices, which get snapped up quickly?

Or just a 'stalemate'?

 

[ice]

Based on previous observation of similar m/d's I'd say BLG will probably close in the red.
Be happy to be proved wrong though.

ice

 

[ric371]

...and a lovely 16% rise in SP today.

Now look at tonights depth queue and make up your own mind...

So what did you decide, looks to me with the volume today there were a lot of profit takers forcing BLG just into the red, What is your prediction for tomorrow.
Looking at the smg is seems that the SP will hold up as it has done before when the blue is above the black.

 

[moses]

So what did you decide, looks to me with the volume today there were a lot of profit takers forcing BLG just into the red, What is your prediction for tomorrow.
Looking at the smg is seems that the SP will hold up as it has done before when the blue is above the black.

Agreed.

My prediction...(scary thought; I'm new at this and working in the dark, would appreciate feedback, which is why I publish the basis of my decisions)?

I'm thinking it will be bullish, and (aside from my fundamental belief that this stock has a strong future) here is why:-

a) the volume is up again

b) the volume has been rising for days

c) the entrails speak to me... (candles below)

BUT...maybe we are getting into a more speculative zone, and the SMA chart is telling us to watch our behinds!

 

[ric371]

So it's the blind leading the blind, which might be the best way to learn.
I dont have an hourly chart mine is daily so I see it a bit differently.

I hope however that the bull prevails as I took a punt on it today, all be it a bit late in the cycle, it still seems to me to have a while to run.

I would post an image of my graph but I havent figured out how to attach a pic yet.

 

[moses]

So it's the blind leading the blind, which might be the best way to learn.

Well yes, about the blind bit anyway. I'm trying to put some teeth into my chart reading, and the way to do this is make the call first, put real money on it, and come back the next day to see what happens. Sleeping through the market forces discipline.

Thats my theory at least!

After thinking about this further tonight I may change my mind. I wasn't going to make a prediction, but, seeing as you asked,..it's good discipline and it clarifies my mistakes.

 

[coyotte]

Probably wrong but it looks like the Day Traders are into this.

If you're looking at Medium Term, it could be a idea to wait until around 3.55 pm Friday --- they will probably be bailing out to close their positions over the weekend --- if it's got any life in it they will be back in come Monday.

But they have been burnt and will want that cash back.


Cheers

 

[moses]

My real question here is whether or not it is OK to use the bullish Harami cross pattern with the end of day settlement.

 

[coyotte]

Generally Candle patterns need confirmation from the next candle.

You are looking at the lowest hierarchy with the 1 hour chart.

You should first be looking at the top hierarchy first.

1: Weekly
2: Daily
3: Intra Day

The bulk of Vol would appear to have been prior to lunch --- then they all bailed out --- normally if its going anywhere there would have been buying between 3pm and 3.45 pm.

All though others will probably disagree, imo generally the last 15 min of trades is simply traders closing positions.

Cheers

 

[moses]

Generally Candle patterns need confirmation from the next candle.

You are looking at the lowest hierarchy with the 1 hour chart.

You should first be looking at the top hierarchy first.

1: Weekly
2: Daily
3: Intra Day

The bulk of Vol would appear to have been prior to lunch --- then they all bailed out --- normally if its going anywhere there would have been buying between 3pm and 3.45 pm.

All though others will probably disagree, imo generally the last 15 min of trades is simply traders closing positions.

Cheers

Thanks Coyote.

So then, if I understand you correctly, we've got:-

1: Weekly, very bullish.
2: Daily, undecided
3: Intraday, bearish (unless the closing position counts)

Which I guess means a correction before climbing again, or at least consolidating like it usually does.

But...(my question) if the closing position counts, that is, if we have a Harami Cross, then the day closed lower but on a bullish note, and the day's indecision was cleared up for a rise in SP tommorrow. That might mean there will be no correction, just another surge in SP (wishful thinking taking over here?).

Attached is the day's action fyi. It shows the bulk of action was at open, and the SP hanging indecisively around 72c most of the day. Then profit taking took over in the last hour, and a slight rebound after close. Not sure that I'm any wiser for that...

As it happens I'm going to hold, so its all a bit academic. But were I hoping to trade this question would be important. My best guess tonight is that BLG will settle down for some well earned consolidation.

 

[coyotte]

Moses:

I have not used candles for a long time now, except for tails on toping stocks.

1: Yesterday was a Doji (unconfirmed)

2: Volume seemed to be Traders (the move was not committed) -- the move in this stock was 16/01/07

3: On candles the sp should not retrace back below .64c

If your following hourly sp then take particular notice of the action between 2pm and 3pm --- it can be a good pointer.


Cheers

 

[silence]

Looks like some solid support building at 0.65 now.

 

[silence]

My commsec data says that the low for today was 61 cents? Is this an error?

Back up to 72ish cents now anyway..