If SuperLife had any semblance of TA skill they would have negotiated at least a partial sell off somewhere above $1.60 after they saw Darling and others selling down.
Printable View
If SuperLife had any semblance of TA skill they would have negotiated at least a partial sell off somewhere above $1.60 after they saw Darling and others selling down.
I'm not beating down the stock or suggesting its here (more that at 'some point' it is coming).
But what happens to the SP of these types of growth companies during a market turn?
Agree with that as a fair approach and am doing the same, holding during what is a growth phase with potentially a few years yet to run.
Since 2010 Pacific Edge have also advanced the pipeline products, in particular Cxcolorectal which may well provide a further momentum kick over the next 12 to 24 months. IMO it’s not yet possible to perform a meaningful valuation of the pipeline products without further information from management, but still I would not be one bit surprised to see PEB as a $5 stock in 2016.
We may well see more analyst coverage going forward now PEB is NZ50 listed, mainstream analysts seem to wait until they are confident enough to stick their neck out, perhaps after FY14 reporting. This may help take some of the volatility out too.
Just thinking... With the big fall from recent levels, how low would it need to go before it drops out of the NZX50?
Hi Hoop thanks for replying. You didn't really comment on why people see such a strong link between overseas market behaviour and the price of this stock, I guess I will assume you do not base much on what overseas markets are doing? You are implying only the inexperienced people left are getting spooked by overseas market behaviour. Or perhaps you think everybody should be out, and that it is only the inexperienced people still in there left to sell.
I can't imagine what the guys selling at 104 are really thinking, but it seems unlikely they subscribe to FA. I think the company does look cheap at that price. It seems to me that value investors shouldn't be selling due to overnight market trends overseas.
As for being insane to join in now - you are the guy who just told me the market is being driven by some inexperienced people. That pretty much explains why it looks like it should be in a mental institute. Traditional FA guys say its cheap. Inexperienced newbies are panic selling. Who is more likely to be correct? haha :P
I think PEB is still risky and speculative but at this price there is a lot of potential upside and the long term risk is lessened. Short term you might be right, long term, lets wait and see! :)
If you believe in the stock and the story go long,as ive said somewhere else theres no evidence that people jumping in and out of stocks and using stop losses are any better of than those that ride out the storms and thats a fact,no one on here can prove otherwise,if a company has changed fundamentally then thats different story ie Chorus
25% fall in the last month--ouch!