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BLG - Bluglass Limited

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BLG crashed briefly to 61c soon after open, but has been recovering steadily ever since. It is now only 1 c off yesterdays high, and is looking good to make new highs again today.
 
Yes, thought about buying some more of them as the market went down, but opted for putting it in SMM instead. They have recovered, but not as much as BLG, but hey! Pity our pockets are not limitless.
 
...and guess which stock is riding out this correction high and dry?
 

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Certainly a rocket under it..Time for a speeding ticket?

340000 shares traded in the first 8 minutes..
 
BLG - The Speculator's buy of the week

David Haselhurst in today's Speculator column in The Bulletin magazine picks BluGlass as this week's recommendation, "as punters warm to its next-generation lighting story aimed at slashing carbon emissions".

There's no denying the good timing of BLG's revolutionary lighting product, right when the world is finally waking up to global warming, and the likes of the EEC and (even, gasp) John Howard are banning incandescent lightbulbs.

Haselhurst pointed out that last week BLG soared to a new high even in the midst of a jittery market.

That augurs well for the next week IMO. I note that this morning's large market pullback has kept BLG's price flat or even slightly down, which is unusual for day 1 of a Speculator recommendation. I.e. you can still buy it without paying the 'Speculator premium'.

As all Speculator's recommendations have shot up lately, even in the midst of the major correction days, I doubt this situation will last long.
 
Curious to know whether this ann is responsible for BLG's present slide down.

In accordance with ASX Listing Rule 3.10A, the Company wishes to advise that
15,954,900 ordinary fully paid shares will be released from escrow on or about 5 April 2007.

Application will be made to ASX to have the fully paid ordinary shares quoted within 10 days from the date of release of escrow.
 
Yuck, this isn't looking as good as it was a few weeks ago.


Out today for a minor profit, I'd be hoping to reenter possibly at 0.65, but maybe even 0.55 support?
 
I'm suprised how this one has petered out?

I'm thinking of hopping in, as I believe the future is there for the tech of the stock, but the last few weeks have not been very kind to BLG. Looks liike a good time to be thinking of buying though with the price down so low ... seems to be some support around 68/69c.
 
Lot's of very premature speculation on this stock. I'm an electronics tech & see a huge future for this technology but the fact is the sp has more than tripled whereas this could take longer to get of the ground than a miner or a biotech. Put it in the bottom draw if you have the patience but don't expect quick profits from here.
 
Maybe it's time this one was reviewed. I've never held this one as I considered it was overpriced and too far from producing sales for my type of investing. I'm reviewing it now after having it on a watch list for some time. I hope the SP has bottomed out. The point of commercial production draws closer and I believe they have a product that will be popular. Any comments?
 
Held these for sometime. Exited at 55 after averaging down and getting out with small loss.

Son is a PHD in Physics specialising in Fibre optics and laser technology.
He concurs with Out To Soon.

I'm waiting for evidence they have or will blast off before commiting funds again.Nothing to interest me YET.
 
Positive article in the SMH a couple of days ago about this one. Didn't do anything to the shareprice though. Promising: yes, but they have to move quickly to capture the market. Early half of 2008 will be the make or break for them. On the watchlist for now.
 
Held for a few weeks but sold out recently. I'll definitely look to get back in when the time is right. I think long term they will probably be quite successful.
 
At last BLG's SP has reacted to a "good news" announcement. The SP has risen almost 10% this morning which I think must be the result of yesterdays announcement that they have taken 3 more important steps towards commercialisation of it's unique LED technology. This is another stock which I hold and I believe could benefit from a Rudd win and should still do OK with the Libs.
 
Now up over 16%. This one was a dog stock for many I guess. It is one I only purchased recently as I thought it Had fallen too far and did have potential. I bought it when it got a substantial govt.research and development grant which meant someone had been able to convince others that it had potential.
 
Interesting to see if it can be sustained. I have been tempted to buy in but still have some reservations. While it's proposition is unique, it will need to be substantially cheaper or substantially outperform the competition to stand out, otherwise it will just end up another LED manufacturer.
 

With luck it will end up holding patents that will be used by all the other LED manufacturers. That is where the value could come from.
 
nioka said:
With luck it will end up holding patents that will be used by all the other LED manufacturers. That is where the value could come from.
Click to expand...

True, but it will need to be compelling enough for others to want to licence it; or not develop something similar.

Don't get me wrong, I hope they go far (and I don't hold), but I just wonder about the uniqueness.

It's not like TZL, for example, which has something revolutionary and that no one else has with their fasteners. BLGs is just another way of doing something that can already be done, if that makes sense.
 
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