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19-01-2021, 04:45 PM
#18971
Looks like it was a confused day in the market.
SL-20210119-A.jpg
source
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19-01-2021, 06:28 PM
#18972
Somebody shaking the tree to see if there are any weak hands.
Looks like it was successful.
Those that sold out at 94 can buy them back at 1.06 but you wont have as many.
Last edited by Minerbarejet; 19-01-2021 at 06:32 PM.
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19-01-2021, 07:28 PM
#18973
bought at 98 only to watch them fall further and began imagining they would drop into the 80s. Roller coaster day for sure
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19-01-2021, 08:49 PM
#18974
Member
Originally Posted by pierre
It IS different this time - there is good news to come - but when and how much is anyone's guess.
With broker targets ranging from $1.40 to $1.60 - but in 12 months time and with a risk caveat - it seems many buyers jumped the gun and forced the SP northwards way ahead of any actual news being released.
No panic selling by me. I've seen PEB at $1.70 and at 10cents and ridden the waves over the years. I'm hanging on to my investment waiting for the SP to reach $5 in 5 years time - or to be subject of a juicy T/O bid sometime before then.
Meantime traders are having a bit of fun - or there are some panic merchants running for cover.
GLTAH & DYOR.
DISCL: Hold heaps at 59c ave.
Fully agree with your sentiment Pierre. With the recent declines, its just reversing what was an unsubstantiated increase in SP - this is a 'correction' exacerbated by the overall market decline. PEB is definitely a long term play - just wish I had retained the shares I bought at .10cents!!
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20-01-2021, 08:25 PM
#18975
Member
Originally Posted by pierre
It IS different this time - there is good news to come - but when and how much is anyone's guess.
With broker targets ranging from $1.40 to $1.60 - but in 12 months time and with a risk caveat - it seems many buyers jumped the gun and forced the SP northwards way ahead of any actual news being released.
No panic selling by me. I've seen PEB at $1.70 and at 10cents and ridden the waves over the years. I'm hanging on to my investment waiting for the SP to reach $5 in 5 years time - or to be subject of a juicy T/O bid sometime before then.
Meantime traders are having a bit of fun - or there are some panic merchants running for cover.
GLTAH & DYOR.
DISCL: Hold heaps at 59c ave.
Agree Pierre. I am a "foundation holder" - not so many back then (big mortgage). I have accumulated to a modest holding which I intend to hold on to and may well purchase more....... a "Juicy TO" could be tempting though.
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22-01-2021, 01:33 PM
#18976
Last edited by Maxtrade; 25-01-2021 at 01:35 PM.
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25-01-2021, 09:11 AM
#18977
SP may drop below where you bought in at 0.98
Originally Posted by Habits
bought at 98 only to watch them fall further and began imagining they would drop into the 80s. Roller coaster day for sure
Just be ready to purchase more when/if it does dip at any point, to cost average. Then let's expect the analysts SP targets to be met in the coming months of 2021.
So don't fret if you do see any dips along the way, just be cashed up ready to purchase more as you go
Last edited by Maxtrade; 25-01-2021 at 01:19 PM.
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25-01-2021, 10:43 AM
#18978
Originally Posted by Maxtrade
They may still drop a bit?, but just be ready to purchase more when/if it does to cost average. Then lets all just cross fingers for the next positive advancements and news for the company in 2021. Once adoption into US healthcare progresses further we will see analysts SP targets met.
Looks like CFO buying more shares. Always a good sign. Obviously feels like SP has bottomed out dip at SP 1.01 resistance level.
When directors are accumulating shares they also obviously feel this will be the new low and now bounce back up from here.
Another level of support has kicked in today, outside of sharsies buyers. So real true resistance for this new low of 1.01. good for existing share holders as most likely we will see rally back up to 1.15 then 1.25 in the coming days. (Now that most profit taking has been actioned already by the looks of it).
Last edited by Maxtrade; 25-01-2021 at 01:16 PM.
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25-01-2021, 03:07 PM
#18979
Originally Posted by Maxtrade
Looks like CFO buying more shares. Always a good sign. Obviously feels like SP has bottomed out dip at SP 1.01 resistance level.
When directors are accumulating shares they also obviously feel this will be the new low and now bounce back up from here.
Another level of support has kicked in today, outside of sharsies buyers. So real true resistance for this new low of 1.01. good for existing share holders as most likely we will see rally back up to 1.15 then 1.25 in the coming days. (Now that most profit taking has been actioned already by the looks of it).
Eh, where did you get CFO buying more shares?
PEB is an event driven stock at this stage of its progression to becoming an earnings & revenue growth story.
In the absence of any developments, sp is going to drift so best to chill & focus on the long term until the next development.
Last development was kinda negative with the MD, DD, selling some shares while as the developments previous to that were all relentlessly positive - KP, LCD, NZX50 inclusion & brokers' research recommendations.
Last edited by Balance; 25-01-2021 at 03:16 PM.
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25-01-2021, 03:28 PM
#18980
Member
Originally Posted by Maxtrade
Looks like CFO buying more shares. Always a good sign. Obviously feels like SP has bottomed out dip at SP 1.01 resistance level.
When directors are accumulating shares they also obviously feel this will be the new low and now bounce back up from here.
Another level of support has kicked in today, outside of sharsies buyers. So real true resistance for this new low of 1.01. good for existing share holders as most likely we will see rally back up to 1.15 then 1.25 in the coming days. (Now that most profit taking has been actioned already by the looks of it).
Lol are you talking about PEB or some other? Insiders have not purchased anything yet except some have exercised their options at around 0.8. Thats all I can see!
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