PEB - Pacific Edge Ltd

[warthog]

Definite lack of sellers today, back above $1.50 no problem. Welcome to the rebound

Apart from the 89k selling at $1.46.

More like definite lack of buyers today. 5k @ $1.43 currently.

With respect moosie, the facts are completely opposite to what you are describing.

[Xerof]

Well, if thats the case moosie, then the new crime detection software WYN have just installed at NZX will pick the manipulation up....no trouble

[Copper]

Wow that changed quick! Some one is actively suppressing the price (see my comments yedterday about triggering stop losses off market...)

I guessed yesterday the seller may be someone like Christopher and Banks.If that were the case and the seller is quite large there may be quite a few more Millions to come and $1.37 would be the point of reckoning.IMHO.

[skid]

Triggering stop losses is not actively suppressing the price IMO--Its simply an exit strategy for better or worse--those stop losses have prevented some later gains ,but they have saved some as--- as well.
This is still a speculative share--Thats why its fun(usually) You wont find this many posts on blue chip divi shares

[Bobcat.]

This thing looks to be in a pretty solid down trend for now, so I wonder if BC might be holding sometime later today?? BC u still in at $1.30 odd??

My bid sat at $1.32c and didn't get hit...but close (dipped to 1.35). I've dropped it into a holding pattern in the mid $1.20's where there has been some solid support a few times before.

For the sp to drop through $1.37, I would say it will now take a major correction to the US Equity markets (80% probable this month IMO) or a disappointing PEB announcement (much less likely, although lack of NZ DHB take-up is not good). It was taken that low to cross two very large orders yesterday.

Resistance at $1.50 confirmed this morning. I'm staying out for now.

[Copper]

I don't have live feed and depth but I get the feeling that the seller might be just putting a few out there to keep a lid on the price whilst his broker looks for another million or so deal at $1.37.If you had to be a buyer I would say there is a fifty fifty chance at $1.38......

[baller18]

Interesting to see where the ends, if the speculation of nzx becomes reality and if it has any effect on the sp.

[robbo24]

It looks like the same seller who started selling into good news a few weeks ago is still going.

Yawn.

[Schrodinger]

Wait I thought this was a sure thing. Isnt it supposed to go up forever on no sales?

[Frankenstein]

Number 9 on Sparky's list of 20 lessons:

"9. When others are screaming in pain and fear and you can’t understand why a share has gone down by that much, that’s your opportunity to buy. Look for three days of selling, then BUY"

Today is day 3, no?