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Beacon Research Issues TraderNotes on CERP, SEED, OSIR, GFRE, RIMM for January 7, 2007

Today’s TraderNotes include: Cereplast, Inc. (OTCBB: CERP), Origin Agritech Limited (Nasdaq: SEED), Osiris Therapeutics, Inc. (Nasdaq: OSIR), Gulf Resources Inc. (OTCBB: GFRE), Research In Motion (Nasdaq: RIMM)

 

Cereplast, Inc. (CERP) TraderNote – CERP Boosted by Its Bio-resins As Substitutes for Petroleum-based Plastics

 

Cereplast, Inc. (CERP) closed last Friday at 0.65, a positive change of 0.01 or an increase of 1.56% from the previous close of 0.64. Cereplast, Inc. (CERP) engages in the development and commercialization of bio-based resins in the United States, Europe, and Asia. Its bio-resins are primarily made of renewable resources, such as corn, wheat, and potato starches; and are used as substitutes for conventional and petroleum-based plastics in various applications. The company's resins are also used in various conventional processes, including injection molding to manufacture utensils, plates, and cups; thermoforming to manufacture cups and hard plates; blow film to manufacture film for compostable bags; blow molding to manufacture bottles and other containers; and extrusion for paper lamination or for straws. It serves plastic converters in the food service disposable packaging market, including quick-service restaurants, food and facilities management companies, the U.S. government, universities/colleges, and retail operations. During last Friday's trading, CERP traded a volume of 105,745 shares within the range of 0.64 – 0.66. MACD indicator in Friday's daily chart is in the positive zone with readings above the 0.00 level, the 12-day at 0.012 trading above the 26-day EMA at 0.003, indicating a bullish signal. RSI is also in the positive zone registering 59.47 with no indication of overbought or oversold conditions. Slow Stochastics likewise is bullish, with 76.94 %K and 81.04 %D touching the 80% threshold still to confirm an overbought condition or trend reversal.

 

Origin Agritech Limited (SEED) TraderNote – SEED Gains Strong Growth Potential In a $2 Billion Market To Double in 2010

 

 

Origin Agritech Limited (SEED) closed last Friday at 9.74, a positive change of 2.44 or an increase of 33.42% from the previous close of 7.30. Origin Agritech Limited, through its subsidiaries, engages in the research, development, production, sale and marketing of crop seeds in the People's Republic of China. It primarily offers four principal products: corn, rice, cotton and canola. The Company develops, produces, and sells both internally developed and licensed crop seeds. Origin Agritech distributes its products through a distribution network, including first-level distributors, second-level distributors and retailers. It has joint development agreements with the Shijiazhuang Liyu Technology Development Co., Ltd. to develop various corn seeds. Origin Agritech is one of China’s leading hybrid seed producers, and an innovative agricultural company specializing in feeding the growing populations of China and parts of Southeast Asia. Through its vertically-integrated business model, Origin develops, grows, processes and markets hybrid seeds to farmers throughout China and parts of Southeast Asia via a network of 3,200 distributors. Origin operates in an industry estimated at $2 billion that is expected to double by 2010. In last Friday's trading, SEED heavily traded a volume of 12,359,764 shares within the broad range of 7.10 – 9.93. RSI indicator in last Friday's chart reflected a bullish signal, curving upwards with a reading at 72.34 and no indication of an overbought condition. MACD histogram found above the 0.00 also indicates a bullish signal, with the 12-day (fast) EMA at 0.335 trading above the 26-day (slow) EMA at 0.043. Slow Stochastics indicator likewise is bullish with the %K (or faster stoch) at 73.37 trading above the %D (or slower stoch) at 61.63.

 

 

Osiris Therapeutics, Inc. (OSIR) TraderNote – OSIR Well-Positioned in the Biotech Industry with its Osteocel, Prochymal and Chondrogen Products

 

Osiris Therapeutics, Inc. (OSIR) closed last Friday at 13.86, a positive change of 1.29 or an increase of 10.26% from the previous close of 12.57. Osiris Therapeutics, Inc., a biotechnology company, commercializes stem cell products from adult bone marrow in the United States. It develops and markets products to treat medical conditions in the inflammatory, orthopedic and cardiovascular areas. The Company's products include Osteocel, for use in spinal fusion and other orthopedic surgical procedure, and Prochymal, a phase II and III clinical trial product for the treatment of steroid refractory Graft versus Host Disease (GvHD), acute GvHD and Crohn's Disease. It also offers Chondrogen, which is in phase I/II clinical trial, used for the treatment of meniscus regeneration and cartilage protection, and Provacel, a phase I clinical trial product for repairing heart tissue following a heart attack. Osiris Therapeutics has strategic alliance with JCR Pharmaceuticals Co., Ltd. and a collaboration agreement with Boston Scientific Corporation to develop applications of MSC technology to treat acute myocardial infarction and chronic ischemia. During last Friday's trading, OSIR traded a volume of 1,099,784 within the range of 13.68 – 15.60. OSIR's daily chart last Friday reflects a technical trading gap formed from the Thursday's closing at 12.57 and last Friday's open at 15.20, indicating a strong bullish signal, initiated by a significant upward trend reversal. RSI of the same chart indicates a strong bullish signal with the indicator line at 60.36, curving upwards still far from an overbought condition. MACD likewise is in the positive zone with readings at 0.224 for the 12-day EMA and 0.161 for the 26-day EMA, to signal continuation in the strong bullish trend.

 

Gulf Resources (GFRE) TraderNote

 

Gulf Resources, Inc. operates through two wholly-owned subsidiaries: SCHC which is engaged in manufacturing and trading Bromine, which is used to manufacture a wide variety of compounds utilized in industry and agriculture, and Crude Salt in China; and SYCI which manufactures chemical products utilized in oil & gas field explorations and as papermaking chemical agents. The stock has climbed more than 30% in the past month and has many technical bullish signs.  The stock has been climbing relatively stable recently. Looking at the width of its Bollinger Bands which are tighter than normal, investors will see that this stock is now trading at the lower end of its recent range which suggests that it may rebound to another higher level.  We feel any significant break below the $2.50 level would be considered a bearish signal at this time.

 

Research In Motion Limited (RIMM) TraderNote – RIMM Gains Strong Demand for its BlackBerry and RIM Wireless Handheld Products

 

Research In Motion Limited (RIMM) heavily traded last Friday with a volume of 27,653,390 shares within the range of 103.28 – 110.43. Research In Motion Limited engages in the design, manufacture, and marketing of wireless solutions for the mobile communications market worldwide. It provides platforms and solutions for access to email, phone, short messaging service, Internet and Intranet-based applications. The Company offers technology that enables third party developers and manufacturers to enhance their products and services with wireless connectivity to data. Its portfolio of products includes BlackBerry wireless platform, RIM Wireless Handhelds product line, software development tools, radio-modems and other hardware and software products. The Company's BlackBerry wireless solution comprises wireless devices, software and services. It also enables the use of personal information management functions, such as calendar, address book, task list and other functions associated with personal organizers. During last Friday's trading, RIMM closed at 103.35, a negative change of 9.47 or a decrease of 8.39% from the previous close of 112.82. Friday's daily chart formed an island reversal from a gap formed by Thursday's close at 112.82 and Friday's open at 109.71, and a gap between Dec. 20's close at 106.99 and Dec. 21's open at 122.16, indicating a downward reversal. However, MACD indicator is still in the positive zone, with 12-day (fast) EMA at 0.684 trading above the 26-day (slow) EMA at 0.557, but directed downwards to test significant support levels before a resuming the upward move.

 

Beacon Equity Research Disclosure

The analysts contributing to this report do not hold any shares of Cereplast (CERP). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research has been compensated fifteen thousand dollars from a non-controlling third party for enrollment of CERP in this research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
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