PEB - Pacific Edge Ltd

[Dej]

She's holding, expecting it to breakout next week.

Which direction?

[blobbles]

It sure has! It fascinates me watching this company day to day because its in that "no mans land" price area where people can't quite quantify its future potential worth vs its risk of failure. Hence a good announcement yesterday swings the pendulum to "great future worth" to todays, "hang on a second, really risky...".

[Whipmoney]

Up. The last two weeks have been a big shakeout and a lot of new buyers have entered in at between 60-65.

The news yesterday would have helped aswell.

[Cows-with-guns]

Sure got hammered on this Friday afternoon!

That was partly my fault, sorry, I had to suck money out of something for Snakk SPP which is due Tuesday 5pm. Still have a good holding with PEB, just wanted to be part of the Snakk party.

[Dentie]

Up. The last two weeks have been a big shakeout and a lot of new buyers have entered in at between 60-65.

The news yesterday would have helped aswell.

I agree whip. I don't think PEB got "hammered" at all .... there was nothing that happened for it to be hammered. More like it just suffered due to players "needing" their dosh for other things (a la Moosie and Cows etc). The larger price drops are evidence, as only very small volumes were taken out to satisfy those needs and in return for that liquidity they had to meet the buyers demands. It is the price one has to pay for leaving things til the last minute.

Thursday's finish price actually broke out of the pennant - but retreated back into it yesterday. I like the look of the big bullish candle followed by the hammer ..... IMHO, in one to two weeks time we'll see a confirmed breakout - hopefully northwards . The longer this takes, the more profound the breakout will be.

[Cows-with-guns]

lol seems PEB is suffering due to an outflow of cash to SNK! you might be a bit late mate, brokers take t+3 business days to settle accounts nd all money needs to be in by Tuesday at 5pm...

All good, Ive sorted a temporary 15k overdraft extension for 1 day to take account of the t+3 day PEB transaction. I couldn't bring myself to do what the moose did on the same day and have the PEB SP depreciate even further, lucky for me they released the china news which helped somewhat.

[Cows-with-guns]

Thursday's finish price actually broke out of the pennant - but retreated back into it yesterday. I like the look of the big bullish candle followed by the hammer ..... IMHO, in one to two weeks time we'll see a confirmed breakout - hopefully northwards . The longer this takes, the more profound the breakout will be.

I see historically they generally release their Peliminary Full Year Disclosure report on the 27/28th of May???

[Dentie]

I see historically they generally release their Peliminary Full Year Disclosure report on the 27/28th of May???

Yeah, those timings would be consistent with the imminent breakout then...

[barney]

A bit of interesting history.

http://www.otago.ac.nz/hekitenga/fea...ago044741.html

[Minerbarejet]

Bit of a shame that the news was released on Thursday as it seemed to get smothered by the Budget circus. Didnt see much about it on Stuff or Yahoo news but may have missed it. Not like the last announcement where it actually made TV.
Getting enough rain now!